1530 6th Avenue SW

Jamestown, ND 58401

MLS ID# 4006381 Active
Multi Family

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$1,975,000

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

Description

Multi-Family Portfolio For Sale This includes 2 Multi-Family Properties at 2 Locations: 1530 5th Ave SW & 1610 Business Loop E. (MLS# 4006382) Jamestown, ND 58401 T12 Gross Income is approx. $21,850/Month Pre-Qualified Buyers Only. Both were former motels converted to multi-family properties with 1- and 2-bedroom apartments and efficiency apartments. There are a total of 39 units. Properties have undergone significant remodel, and each have coin operated laundry rooms on site. 1530 6th Ave SW is conveniently located 0.7 miles north of I-94. This location has 23 units with 6,672 finished SF plus an office/lobby area and 2,000 SF basement storage. 1610 Business Loop E is conveniently located 0.6 miles north of I-94 and has 16 units with 6,884 finished SF plus sunroom and deck. Buyer/Buyer's Agent to verify total square feet and acres. 1610 Business Loop E & 1530 6th Ave SW, Jamestown, ND • 39 Total Units Combined • High Occupancy • Turn-Key Cashflow • Coin Operated Laundry Rooms at Both Properties • Properties were former motels converted to multi-family properties, with 1 & 2 bedroom apartments and efficiency apartments. • Both properties have undergone a significant remodel • Owner uses simple, effective marketing techniques, and has established relationships with multiple organizations over the years to provide continuously high occupancy of the properties. Portfolio Brochure is Downloadable in the Documents Section. Contact Listing Agent for NDA and other Financial Information. ***Member of Selling Entities is a Licensed Real Estate Agent*** Multi-Family Portfolio For Sale This includes 2 Multi-Family Properties at 2 Locations: 1530 5th Ave SW & 1610 Business Loop E. (MLS# 4006382) Jamestown, ND 58401 T12 Gross Income is approx. $21,850/Month Pre-Qualified Buyers Only. Both were... show more

Contract Information

• Buyer Agent Broker Commission 2.5%

Legal, Tax and Other Information

• Taxes 3574.81
• Tax Year 2022
• Specials Installment 0
• Specials Balance 0
• Pending Specials No
• Zoning R3 & POC
• Parcel ID 74-4592000
• Legal Description LOT:10 BLK:2 MILL HILL 2ND ADDITION, BLOCK 2, Lot 10

General Property Information

• Property Sub Type Multi Family
• Lot SqFt 19602
• Lot Acres 0.45
• Lot Dimensions 100x190
• Year Built 1960
• Total Unfinished SqFt 0
• Finished Above Grade SqFt 6672
• Finished Below Grade SqFt 0
• Total Finished SqFt 6672
• Accessibility Features No
• Fee No

Details

• Business Type

  Other

• Cooling

  Wall/Window Unit(s)

• Heating

  Baseboard, Electric

• Construction Materials

  Block

• Roof

  Rubber

• Flooring

  Laminate, Vinyl

• Foundation

  Block, Slab

• Basement

  Concrete, Dirt Floor, Partially Finished, Storage Space, Unfinished

• Exterior Features

  Balcony

• Water Source

  Public

• Sewer

  Public Sewer

• Utilities

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

• Tenant Pays

  None

• Listing Terms

  1031 Exchange, Cash, Conventional, Owner May Carry

• Possession

  Negotiable

• Lot Features

  Corner Lot, Lot - Owned

• Parking Features

  Asphalt, Concrete, Off Street, Parking Lot, Paved, Private