39 Unit Multi-Family Portfolio - Jamestown, ND
ND Multi-Family Portfolio For Sale
Marketing description
Portfolio Asking Price : $1,950,000
Very Lucrative & Niche Rentals with historically high occupancy since 2018! This includes 2 Multi-Family Properties at 2 Locations: 1530 5th Ave SW & 1610 Business Loop E. Jamestown, ND 58401
Multi-family properties with 1- and 2-bedroom apartments and efficiency apartments.
There are a total of 39 units. Properties have undergone significant remodel to include Fire Sprinkler Systems, and each have coin operated laundry rooms on site.
1530 6th Ave SW is conveniently located 0.7 miles north of I-94. This location has 23 units with ~6,672 finished SF plus an office/lobby area and 2,000 SF basement storage. 1 - 2bd, 1 - 1bd, 1 - Studio, 20 Efficiency Units
1610 Business Loop E is conveniently located 0.6 miles north of I-94 and has 16 units with ~6,884 finished SF plus sunroom and deck. 1 - 2bd, 1 - 1bd, 14 Efficiency Units
Buyer/Buyer's Agent to verify total square feet and acres.
Investment highlights
• 39 Total Units Combined
• High Occupancy
• Turn-Key Cashflow
• Coin Operated Laundry Rooms at Both Properties
• Properties were former motels converted to multi-family properties, with 1- & 2-bedroom apartments and efficiency apartments.
• Both properties have undergone a significant remodel including fire suppression systems currently being installed.
• Owner uses simple, effective marketing techniques, and has established relationships with multiple organizations over the years to provide continuously high occupancy of the properties.
Contact Listing Agent for NDA and other Financial Information. ***Member of Selling Entities is a Licensed Real Estate Agent***
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
