Great Opportunity to own your own business with Mark V Studio Apartments this consists of 15 units can be used as a Motel

Hotel, Extended Stay or monthly or long-term rentals in the heart of Bismarck that's Centrally Located near shopping, downtown facilities, job placement services, salons, health care and more. This investment has been updated throughout every unit and has been in the family since 1980. These units are all on a month to month, no leases, background checks for safety and security deposits for cleaning. Tenants love this private setting, location and management and currently three units have stayed since 2004, 2005 and the longest tenant stayed is approx. 20 years (WOW)! These 15 apartments feature: 2- one bedroom and one bathroom includes a shower, 12- studio's & one bathroom that includes a shower. All these units are FULLY FURNISHED which include bed, recliner, table, kitchen with fridge, microwav, some hav e a range, utensils, towel sets, coffee pot and etc. These updated units are all fully equipped with everything you need like an extended stay facility. Also includes one large LIVING QUARTERS excellent for modernized living for the owner, management staff or a luxury rental that consists of 3 bedrooms, full bath with tub shower combo, modern updates, tons of built in storage & upgraded stainless steel appliances that include range, fridge, microwave & dishwasher.

Also includes a movable electric fireplace, shared entry way, attached laundry, primary bedroom with tray ceiling & wood accents. This is large enough to feel like a single-family home. This unit is private with attached common area for rental management and laundry that are coin operated includes 2 washers, 2- dryers and individual storage compartment with lock and key. This high- occupancy investment has no need for full time employees. Low Maintenance and all utilities are paid by the owner so easy to manage. This property also consists of a 280 sqft garage, 600 sqft car carport, shed and attached outdoor storage. This Location is surrounded by commercial opportunities, an emergency snow route, shaped like a U so it feels more like a private setting. In the last few years the seller put in several updates including west & north siding, exterior painting, shutters, carpet, painting- 3 apartments, living quarters, entry & laundry room, #5 & #9 full remodel & #8 remodel in process, driveway on west side approx. over $40, 000 in updates. With this excellent ownership every year they continued to maintain and modernize this incredible investment property. If all these units are rented the CAP Rate is excellent. This investment has huge potential to make even more. Call agent for rent rolls & expenses. Don't miss this opportunity of a lifetime to own this EXCELLENT WELL-KEPT PROPERTY.

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on 2316 Broadway Ave E
in Bismarck, ND
Presented by Tori Mathern at
BIANCO REALTY, INC.


Property MLS #4010588 from GreatNorthMLS

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+ Bedrooms

Bedrooms: 17

+ Bathrooms

Total Bathrooms: 15.00
Full Bathrooms: 1
3/4 Bathrooms: 14

+ Interior Features

Ceiling Fan(s)
Main Floor Bedroom
Main Floor Laundry
Smoke Detector(s)
TV Mounts and Hardware
Window Treatments
Furnished: Yes
Flooring: Carpet, Laminate, Linoleum, Vinyl

+ Appliances

Dishwasher
Electric Cooktop
Microwave
Range
Refrigerator
Washer

+ Heating and Cooling

Cooling Features: Central Air, Wall/Window Unit(s)
Heating Features: Electric, Forced Air, Natural Gas

+ Exterior and Lot Features

Keyless Entry
Private Entrance
Other Structures: Shed(s)
Road Frontage Type: City Street

+ Land Info

Lot Description: Lot - Owned
Lot Size Acres: 0.482
Lot Size Dimensions: Lot Description/Size: 140X150
Lot Size Square Feet: 21000

+ Garage and Parking

Garage Spaces: 1
Parking Features: Attached Carport, Detached, Drive Through, Garage Faces Side, Oversized
Garage Sqft: 280

+ Homeowners Association

Association: No
Association Amenities: No Pets Allowed
Calculated Total Monthly Association Fees: 0

+ Other Property Info

Annual Tax Amount: 5999.00
Source Listing Status: Active
County: Burleigh
Directions: Direction: WEST ON BROADWAY ON THE NORTH SIDE OF THE STREET
Source Property Type: Residential
Inclusions: ALL UNITS HAVE KITCHENETE, APPLIANCES AND FULLY FURNISHED & WILL ALL BE INCLUDED. TWO COIN OPERATED MACHINES ARE INCLUDED
Area: Bismarck City
Source Neighborhood: Bismarck City
Parcel Number: 0105038015
Zoning: COMMERCIAL
Property Subtype: Multi Family
Source System Name: C2C
+ Reveal Property Sale History

Listed 2023-11-02
$927,000
GreatNorthMLS

+ Building and Construction

Year Built: 1955
Above Grade Finished Area: 6544
Construction Materials: Steel Siding, Vinyl Siding
Levels: One
Property Age: 69
Roof: Metal
Architectural Style: Apartment Style, Main Floor Unit, Ranch

+ Accessibility Features

Accessibility Features: Accessible Central Living Area

+ Utilities

Sewer: Public Sewer
Cable Connected
Electricity Connected
Natural Gas Connected
Phone Connected
Sewer Connected
Trash Pickup - Public
Water Connected
Water Source: Public

+ Display Complete School Details

Simle Middle School is a public middle school located approximately 0.9 miles away.
Map directions

Legacy High School is a public high school located approximately 2.9 miles away.
Map directions

Rita Murphy Elementary School is a public elementary school located approximately 0.6 miles away.
Map directions

St. Mary's Grade School is a private elementary school located approximately 1.1 miles away.
Map directions