Facebook-square Twitter Youtube Instagram
DPR Logo
$625,000
1023 3rd Street S
Bismarck, ND 58504
MLS# 4004160
Status: Closed
16 beds  |  8 baths  |  7878 sqft
DJI_0973ps
  1 / 47  
DJI_0973ps DJI_0974ps DJI_0978ps DJI_0975ps DJI_0976ps DJI_0977ps DJI_0980ps DSC_0003-HDR DSC_0006-HDR DSC_0009-HDR DSC_0012-HDR DSC_0018-HDR DSC_0015-HDR DSC_0019 DSC_0036-HDR DSC_0024-HDR DSC_0025 DSC_0030-HDR DSC_0033-HDR DSC_0037 DSC_0040 DSC_0043 DSC_0046 DSC_0049 DSC_0054-HDR DSC_0055 DSC_0060-HDR DSC_0066-HDR DSC_0069-HDR DSC_0072-HDR DSC_0075-HDR DSC_0076 DSC_0081-HDR DSC_0087-HDR DSC_0096-HDR DSC_0090-HDR DSC_0099-HDR DSC_0102-HDR DSC_0106 DSC_0111-HDR DSC_0114-HDR DSC_0117-HDR DSC_0120-HDR DSC_0121 DSC_0126-HDR DSC_0129-HDR DSC_0132-HDR

Property 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.

Details
Maps
Contract Information
Sold Price: $625,000
Current Price: $625,000
List Price/SqFt: 76.16
Sold Price/SqFt: 79.33
Date Listed: 2022-09-12
Remarks
Included: Refrigerator, Range, Hood, 2 Washers and 2 Dryers ( located on each level in the hallways ).
Directions: Located on South 3rd St. just South of Bismarck Expressway. South of Kirkwood Mall.
Public Remarks: 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.
Location
Street Number: 1023
Street Name: 3rd
Street Type: Street
Street Direction Sfx: S
Area: Bismarck City
Sub Area: Bismarck City SE
State: ND
Zip Code: 58504
County: Burleigh
Subdivision: Meadow Valley
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 Full Baths: 8
Total Baths: 8
Main Finished SqFt: 3939
Lower Finished SqFt: 3939
Finished Above Grade SqFt: 3939
Finished Below Grade SqFt: 3939
Total Finished SqFt: 7878
Garage: No
Fireplace: No
Accessibility Features: No
Association: No
Status Change Info
Status: Closed
Under Contract Date: 2022-09-22
Sold Date: 2022-10-18
Sold Price: $625,000
Property Features
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
Interior Features: See Remarks
Possession: Close Of Escrow; Subject To Tenant Rights
Exterior Features: Balcony
Lot Features: Level; Rectangular Lot
Parking Features: Additional Parking; No Garage; Parking Lot
Water Source: Public
Sewer: Public Sewer
Association Fee Includes: None
Listing Office: BIANCO REALTY, INC.

Last Updated: September - 04 - 2024

Information deemed reliable but not guaranteed.

Search powered by FBS Products