201 3rd Street S New Salem, ND 58563
Listing Courtesy of: GREAT NORTH MLS / Century 21 Morrison Realty / Will Gardner / CENTURY 21 Morrison Realty / Laura Gardner

  201 3rd Street S New Salem, ND 58563

Active (27 Days)
$515,000
12
BED
14
BATH
8,784
SQFT

Description

What an EXCELLENT opportunity to purchase a quality, well built, WELL MAINTAINED, fully rented 13-plex investment property just 25 miles west of Mandan. Monthly income is $7,700 increasing to $7,850/mo in June, crushing the 1 percent rule! This property includes an ADDITIONAL HALF ACRE of land for potential future development as well. In the last 10 years the updates have been numerous: All new windows, gutters, exterior doors, two hot water heaters and attic insulation was added. Maybe most significantly, a huge investment has been made with a new concrete parking lot and sidewalks all around the property. All units are fully rented. The 13th unit is a VERY large studio that used to be used for community gatherings. This bathroom in the 13th unit has just finished undergoing a bathroom upgrade. Management company recommendations are available upon request. Property includes a coin operated laundry and a shed. Buyer to verify all information. Please contact your favorite REALTOR today to take a look!

MLS #:
4013061
Taxes
$4,114(2023)
Lot Size
1.12 acres
Type
Multifamily
Year Built
1971
Style
Patio Home/Slab on Grade, Apartment Style
County
Morton County

Listed By

Will Gardner, Century 21 Morrison Realty
Laura Gardner, CENTURY 21 Morrison Realty
Source
GREAT NORTH MLS
Last checked May 30 2024 at 4:47 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
  • 3/4 Bathrooms: 10
  • Half Bathroom: 1
Interior Features
  • Main Floor Bedroom
Kitchen
  • Washer
  • Refrigerator
  • Range
  • Dryer
Lot Information
  • Rectangular Lot
  • Level
Heating and Cooling
  • Boiler
  • Wall/Window Unit(s)
Utility Information
  • Sewer: Public Sewer
School Information
  • Elementary School: Other
  • Middle School: Other
  • High School: Other
Parking
  • Parking Lot
  • Off Street
Stories
  • One
Living Area
  • 8,784 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 3.00
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: Copyright 2024 Great North MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/29/24 21:47