201 S 3RD ST
NEW SALEM, ND 58563
$515,000
12 Beds
14 Baths
8,784 Sq Ft
Status Active
MLS# 4013061
What an EXCELLENT opportunity to purchase a quality, well built, WELL MAINTAINED, fully rented 13-plex investment property just 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 gatherings. This bathroom in the 13th unit has just 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!
Details for 201 S 3RD ST
Built in 1971
$59 / Sq Ft
Wall/Window Unit(s)
Boiler
19 Days on website
1.1227 acres lot
Area Information for 201 S 3RD ST
