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Springhill Apartments 229 2nd Ave SE 36 Unit Apartment Building $2,995,000 ($83,194/Unit) Cut Bank, MT 59427
Executive Summary
Introducing the Springhill Apartments, where breathtaking views of the Rocky Mountain Front meet a rock-solid investment opportunity. In the heart of Cut Bank, Montana—a town where rental demand consistently outpaces supply—this 35-unit gem stands out as a premier housing choice. Springhill has been thoughtfully reimagined with a suite of comprehensive renovations. You’ll find a refreshed lobby, modern flooring, and updated laundry facilities, all secured by a top-tier camera system. Outside, the property shines with lush new sod, a vibrant playground, and inviting dog parks that make tenants feel right at home. Beyond the aesthetics, the "heavy lifting" is already done: new gas water heaters, plumbing, and electrical updates are all in place. With a dedicated Rental Compliance Manager already driving record-high collections and a doubled rent roll, this is a rare chance to step into a stabilized, low-risk property that delivers from day one.
Property Facts
| Price | $2,995,000 | Building Class | C |
| Price Per Unit | $83,194 | Lot Size | 0.92 AC |
| Sale Type | Investment | Building Size | 39,000 SF |
| No. Units | 36 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1948 |
| Apartment Style | Low-Rise | ||
| Zoning | 1 | ||
| Price | $2,995,000 |
| Price Per Unit | $83,194 |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 39,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1948 |
| Zoning | 1 |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- High Speed Internet Access
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Courtyard
- Security System
- Pet Play Area
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 36 | - | 1,000 |
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Property Taxes
| Parcel Number | 38-4529-12-2-15-14-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,216,600 |
Property Taxes
Parcel Number
38-4529-12-2-15-14-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,216,600
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Springhill Apartments | 229 2nd Ave SE
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