121 1st Avenue NE

Golden Valley, ND 58541

MLS ID# 4010916 Active
Multi Family

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$415,000

9 beds

9 baths

6960 sqft

0.52 acres

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

Description

Well Maintained 9-Plex. 2023 Annualized Gross rents ~$61,000. NOI ~$34,500. Priced well over the 1% Rule. Professionally Managed. Hands-off Investment. Very solid rental market and excellent rental history. This property contains 8 - 1 Bedroom apartments & 1 Large Studio. All Ground Level! 2 Coin operated laundry rooms. 1 for each wing of the building. Building is ALL Electric! Tenants Pay Electric, Landlord pays water, sewer, trash, & basic internet. Professionally Managed, Hands-Off Investment Property! **Member of Selling Entity is Licensed Realtor** Well Maintained 9-Plex. 2023 Annualized Gross rents ~$61,000. NOI ~$34,500. Priced well over the 1% Rule. Professionally Managed. Hands-off Investment. Very solid rental market and excellent rental history. This property contains 8 - 1 Bedroom apart... show more

Contract Information

• Buyer Agent Broker Commission 2.5%

Legal, Tax and Other Information

• Taxes 2233
• Specials Installment 0
• Specials Balance 0
• Pending Specials No
• Zoning COM
• Parcel ID GG-144-90-01-12-04
• Legal Description Lots 4, 5, & THE WEST 100 FEET of Lot 6 of Block 12 Golden Valley
• Elementary School Other
• Middle School Other
• High School Other

General Property Information

• Property Sub Type Multi Family
• Lot SqFt 22500
• Lot Acres 0.517
• Lot Dimensions 150x172
• Year Built 1979
• Bedrooms Total 9
• Total 1/4 Baths 0
• Total Half Baths 0
• Total 3/4 Baths 0
• Total Full Baths 9
• Total Baths 9
• Main Finished SqFt 6960
• Upper Finished SqFt 0
• Lower Finished SqFt 0
• Basement Finished SqFt 0
• Finished Above Grade SqFt 6960
• Finished Below Grade SqFt 0
• Total Finished SqFt 6960
• Garage No
• Fireplace No
• Accessibility Features Yes
• Association No

Details

• Basement

  None

• Roof

  Shingle

• Architectural Style

  Apartment Style, Main Floor Unit, Patio Home/Slab on Grade

• Levels

  One

• Flooring

  Carpet, Laminate, Linoleum

• Heating

  Baseboard, Electric

• Cooling

  Wall/Window Unit(s)

• Construction Materials

  Block, Concrete, Frame, Metal Siding

• Appliances

  Dryer, Exhaust Fan, Oven, Range, Range Hood, Refrigerator, Washer

• Interior Features

  High Speed Internet, Security System, Smoke Detector(s), Soaking Tub

• Foundation

  Block, Slab

• Listing Terms

  1031 Exchange, Cash, Conventional

• Possession

  Close Of Escrow, Negotiable

• Exterior Features

  Balcony, Private Entrance, Rain Gutters, Satellite Dish, Storage, Uncovered Courtyard, Other

• Patio And Porch Features

  # of Decks:0, # of Patios:2, Patio

• Lot Features

  Irregular Lot, Lot - Owned, Rectangular Lot

• Utilities

  Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fiber Optic Available, Fiber Optic Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected, Trash Pickup - Public, Underground Utilities

• Parking Features

  Additional Parking, Asphalt, Driveway, Guest, Lighted, Off Street, On Street, Outside, Parking Lot, Paved, Private, RV Access/Parking

• Water Source

  Public

• Sewer

  Public Sewer

• Road Frontage Type

  City Street, Paved Road

• Road Surface Type

  Asphalt

• Association Fee Includes

  None

• Accessibility Features

  Accessible Approach with Ramp, Accessible Central Living Area, Accessible Closets, Accessible Common Area, Accessible Doors, Accessible Entrance, Common Area