313 Interstate Avenue W

Bismarck, ND 58503

MLS ID# 4004297 Closed
Multi Family

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Closed $2,950,000

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• Description
• Contract Information
• Legal, Tax and Other Information
• General Property Information
• Details

Description

This is a great investment opportunity! This building is being sold together with the adjacent building at 333 W Interstate Ave.(MLS# 4004298) In total, there are 40 units, and all but five of them have been completely redone in the last 2 years. New flooring, paint, appliances, etc! (There are 17 one bed/one bath, and 23 2 bed/one baths) (12 of the one-bedroom units have a second non-conforming bedroom) There are 8 sets of shared coin-op washers & dryers, and a security system with 20+cameras and keypad secured entrances. New roof on both buildings in 2018. All new decking and railings installed on building 333 in 2019. Financials available upon request to qualified buyers. Property is currently managed by Clooten Property Mgt and is fully stabilized, bringing in a combined total of $30k gross revenue per month. Buyer to verify square footage, taxes, specials, and lot dimensions. This is a great investment opportunity! This building is being sold together with the adjacent building at 333 W Interstate Ave.(MLS# 4004298) In total, there are 40 units, and all but five of them have been completely redone in the last 2 years. ... show more

Contract Information

• Buyer Agent Broker Commission 3%

Legal, Tax and Other Information

• Taxes 15066
• Tax Year 2021
• Specials Installment 741
• Specials Balance 2325
• Pending Specials No
• Zoning RM
• Parcel ID 0555-001-080
• Legal Description Washington Heights: Block 1 16-17 Pt Vac Interstate Ave

General Property Information

• Property Sub Type Multi Family
• Lot SqFt 25268
• Lot Acres 0.58
• Lot Dimensions 257x118
• Year Built 1974
• Total Unfinished SqFt 0
• Finished Above Grade SqFt 22830
• Finished Below Grade SqFt 7610
• Total Finished SqFt 30440
• Accessibility Features No
• Fee No

Details

• Business Type

  Other

• Cooling

  Ceiling Fan(s), Wall/Window Unit(s)

• Heating

  Baseboard, Hot Water

• Construction Materials

  Concrete, Steel Siding

• Roof

  Flat, Rubber

• Architectural Style

  Apartment Style

• Levels

  Three Or More

• Flooring

  Carpet, Laminate, Vinyl

• Foundation

  Concrete Perimeter

• Basement

  Concrete, Daylight, Egress Windows, Finished, Full, Interior Entry, Storage Space, Walk-Out Access

• Exterior Features

  Keyless Entry, Private Entrance

• Fencing

  Chain Link, Partial

• Water Source

  Public

• Sewer

  Public Sewer

• Utilities

  Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Trash Pickup - Public

• Tenant Pays

  Cable TV, Electricity

• Included

  Ceiling Fan(s), Dishwasher, Disposal, Dryer, Exhaust Fan/Hood, Keyless Entry, Microwave Hood, Range, Refrigerator, Security System, Washer, Window Treatments

• Road Frontage Type

  City Street

• Amenities

  Manager on Premises, Pets Allowed

• Listing Terms

  Conventional, Owner May Carry

• Possession

  Close Of Escrow

• Lot Features

  Corner Lot, Lot - Owned

• Parking Features

  Assigned, Concrete, Deck, Lighted, Off Street, Outside, Parking Lot

• Patio And Porch Features

  # of Decks:8