Listed by Property Resources Group
$7,975,000
Multi-Family & Commercial Property for Sale
Details
Property Type Mixed Use
Sub Type multi-family
Square Footage 79,632
Cap Rate 6.25%
NOI $498,431
Year Built 1920
Stories 2
Acreage 2.020
Mixed Use | 6.25% CAP | 79,632 SF
Marketing description
This is an opportunity to own a great investment property in Downtown Moorhead, MN. The Lofts at Townsite has a great location with ample parking and several amenities within walking distance. The 51 apartment units are all new within the last 10 years and have excellent occupancy. There is upside potential in the commercial space as it is 100% occupied at below market rents. There are currently 9 garages with plenty of space to build more.
Listing Contacts
Listed by Property Resources Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$498,431.00
$41,535.92/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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