1023 3rd Street S

Bismarck, ND 58504 / Meadow Valley

MLS ID# 4004160 Closed
Multi Family

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Closed $625,000

16 beds

8 baths

7878 sqft

0.3 acres

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

Description

Are you looking for a great investment property... here it is ! Check out this 8 plex apartment building with a maintenance free brick exterior. Convenient location to Kirkwood Mall, restaurants, businesses, etc. There have been many updates to these apartments. The rents per month are as follows: $756, $765, $806, $765, $724, $840, $765. One apartment is currently vacant. The total rent currently received with 7 apartments rented is $5,421 per month. If the last apartment was rented at $765 the total rent would be $6,186 per month. (This building fully rented is a good investment using the 1% rule.) There is a professional property management company that handles everything. They will need to give a 24 - 48 hour notice to the tenants for all showings. The parking lot is shared with 3 other apartment buildings. This is the furthest South apartment building. Coin operated Washers and Dryers on each level... 2 washers, 2 dryers with income approx $404 per month. There is new carpet in the hallways and new paint. Most of the individual apartments have been updated. New Security System. Are you looking for a great investment property... here it is ! Check out this 8 plex apartment building with a maintenance free brick exterior. Convenient location to Kirkwood Mall, restaurants, businesses, etc. There have been many updates to th... show more

Contract Information

• Buyer Agent Broker Commission 3%

Legal, Tax and Other Information

• Taxes 5800
• Tax Year 2021
• Specials Installment 1032
• Specials Balance 5516
• Pending Specials No
• Zoning RM30
• Parcel ID 0591-014-008
• Legal Description S. 10' of Lot 2 and Lot 3 Less S. 58.98' Block 14 Meadow Valley Rep L1 B2

General Property Information

• Property Sub Type Multi Family
• Lot SqFt 13229
• Lot Acres 0.304
• Lot Dimensions 71 x 180-190
• Year Built 1975
• Bedrooms Total 16
• Total 1/4 Baths 0
• Total Half Baths 0
• Total 3/4 Baths 0
• Total Full Baths 8
• Total Baths 8
• Main Finished SqFt 3939
• Upper Finished SqFt 0
• Lower Finished SqFt 3939
• Basement Finished SqFt 0
• Finished Above Grade SqFt 3939
• Finished Below Grade SqFt 3939
• Total Finished SqFt 7878
• Garage No
• Fireplace No
• Accessibility Features No
• Association No

Details

• Unfinished SqFt

  Total Unfinished SqFt:0

• Basement

  Egress Windows, Finished

• Roof

  Shingle

• Architectural Style

  Apartment Style

• Levels

  Two

• Flooring

  Carpet, Laminate, Linoleum, Vinyl

• Heating

  Baseboard, Hot Water

• Cooling

  Wall/Window Unit(s)

• Construction Materials

  Brick, Wood Siding

• Appliances

  Dryer, Range, Range Hood, Refrigerator, Washer

• Possession

  Close Of Escrow, Subject To Tenant Rights

• Exterior Features

  Balcony

• Patio And Porch Features

  # of Decks:0, # of Patios:0

• Lot Features

  Level, Rectangular Lot

• Parking Features

  Additional Parking, No Garage, Parking Lot

• Water Source

  Public

• Sewer

  Public Sewer

• Association Fee Includes

  None