What an EXCELLENT opportunity to purchase a quality

Well built, WELL MAINTAINED, fully rented 13-plex investment property 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 gatherngs. This bathroom in the 13th unit has 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!

Request Information
on 201 3rd St S
in New Salem, ND
Presented by Will Gardner at
CENTURY 21 Morrison Realty.


Property MLS #4013061 from GreatNorthMLS

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 12

+ Bathrooms

Total Bathrooms: 14.00
Full Bathrooms: 3
1/2 Bathrooms: 1
3/4 Bathrooms: 10

+ Interior Features

Main Floor Bedroom

+ Appliances

Dryer
Range
Refrigerator
Washer

+ Heating and Cooling

Cooling Features: Wall/Window Unit(s)
Heating Features: Boiler

+ Land Info

Lot Description: Level, Rectangular Lot
Lot Size Acres: 1.1227
Lot Size Dimensions: Lot Description/Size: --
Lot Size Square Feet: 48905

+ Garage and Parking

Parking Features: Off Street, Parking Lot

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Other Property Info

Annual Tax Amount: 4114.35
Source Listing Status: Active
County: Morton
Directions: Direction: Take I-94 west to exit 127, south on 8th St N to Ash Ave. and turn left on Ash Ave, then turn right onto 3rd St N.
Tax Year: 2023
Source Property Type: Residential
Inclusions: shed, coin operated washers and dryers
Area: Outlying Towns
Source Neighborhood: Outlying Towns
Parcel Number: 66-0330000
Zoning: Residential
Property Subtype: Multi Family
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-05-02
$515,000
GreatNorthMLS

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Listing removed 2014-09-06
$399,900
Bismarck

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Listed 2014-08-12
$399,900
Bismarck

+ Building and Construction

Year Built: 1971
Above Grade Finished Area: 8784
Construction Materials: Brick
Levels: One
Property Age: 53
Architectural Style: Apartment Style, Patio Home/Slab on Grade

+ Accessibility Features

Accessibility Features: Accessible Bedroom, Accessible Common Area

+ Utilities

Sewer: Public Sewer
Water Source: Public

+ Display Complete School Details

New Salem High School is a public middle and high school located approximately 0.3 miles away.
Map directions

Prairie View Elementary School is a public elementary school located approximately 0.4 miles away.
Map directions