Own your own oasis income property in charming Riverdale

Minutes from Lake Sakakawea. This established hotel business has 8 units, each with inviting kitchenettes adjacent to a open sleeping space and private bathrooms. Four of the units are open floor plan/studio and four are one bedroom floor plan. All have been beautifully maintained and updated with newer appliances, new windows and doors, fresh paint, flooring and detailed upgrades. Light, neutral colors make each of these units inviting and comfortable. The accommodations are perfect for short or long stays making it ideal for a hotel, air b and b or long term rentals. Each unit also has garage space!

The lower level offers 8 washer/dryer hookups, 4 current laundry sets and so much room to expand or use as storage. Prime location to Lake Sakakawea adds to the tremendous opportunity this property provides. For fis herman and hunters, this is a true oasis all year round. An ideal location for recreation, agriculture and situated in the center of the state's energy industry. A perfect portfolio that cashflows from the start, with high online ratings, fully furnished, repeat customers and an established office, plus reception ara. If you are looking for an established investment property with so much potential to enjoy the great ND outdoors, this is it!

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on 314 4th St
in Riverdale, ND
Presented by Kelsi Hach at
Rafter Real Estate.


Property MLS #4010840 from GreatNorthMLS
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+ Bedrooms

Bedrooms: 8

+ Bathrooms

Total Bathrooms: 8.00
3/4 Bathrooms: 8

+ Interior Features

Ceiling Fan(s)
Smoke Detector(s)
TV Mounts and Hardware
Flooring: Laminate, Wood

+ Appliances

Cooktop
Dryer
Microwave
Range
Refrigerator
Washer

+ Heating and Cooling

Cooling Features: Wall/Window Unit(s)
Heating Features: Baseboard, Hot Water

+ Other Rooms

Basement Description: Concrete, Partially Finished, Storage Space

+ Land Info

Lot Description: Corner Lot, Lot - Owned
Lot Size Acres: 0.293
Lot Size Dimensions: Lot Description/Size: 115X93X117
Lot Size Square Feet: 12763

+ Exterior and Lot Features

Road Frontage Type: City Street

+ Garage and Parking

Garage Spaces: 8
Parking Features: Additional Parking, Detached
Garage Dimensions: 24' x 80'
Garage Sqft: 1920

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Other Property Info

Annual Tax Amount: 1624.17
Source Listing Status: Active
County: McLean
Directions: Direction: On ND-200 head towards Riverdale to turn North on 10th Street, then a left on Iowa Ave. Riverdale hotel is about 7 block down, on the right hand side of the road.
Tax Year: 2022
Source Property Type: Residential
Inclusions: Kitchen appliances, Furniture, washers and dryers
Area: Outlying Towns ND
Source Neighborhood: Orginial Townsite
Parcel Number: 83-0001-00924-000
Subdivision: Orginial Townsite
Zoning: Urban/Commercial
Property Subtype: Multi Family
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-04-25
$649,000
Fargo

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Price Changed 2024-04-25
$649,000
GreatNorthMLS

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Listed 2024-02-09
$667,900
Fargo

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Listed 2023-11-27
$667,900
GreatNorthMLS

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Listing removed 2023-11-08
$0
GreatNorthMLS

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Price Changed 2023-06-22
$697,500
GreatNorthMLS

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Listed 2023-06-01
$749,921
GreatNorthMLS

+ Building and Construction

Year Built: 1951
Above Grade Finished Area: 3696
Construction Materials: Masonite
Levels: Two
Property Age: 73
Roof: Shingle
Total Area Upper: 1848
Architectural Style: Apartment Style

+ Utilities

Sewer: Public Sewer
Electricity Connected
Sewer Connected
Water Connected
Water Source: Public

+ Display Complete School Details

Underwood Elementary School is a public elementary school located approximately 11 miles away.
Map directions

Underwood High School is a public middle and high school located approximately 11 miles away.
Map directions