Property Description Great investment opportunity in the heart of Bismarck. This motel features 17 units with month-to-month rentals, so no full-time employees are required. A bonus brick home is located to the west of the main building is also included. A new boiler was installed 2020, the roof was updated recently, and the siding was redone (2015). If you're looking for a stable, high-occupancy investment property, this could be for you! This property is set up like a motel, but the city has its use as 'apartments' due to its monthly lease only. Seller is a licensed agent in the state of ND.
Details
Maps
Contract Information
Sold Price: $652,519.54
Current Price: $652,519.54
List Price/SqFt: 134.68
Sold Price/SqFt: 121.22
Date Listed: 2022-06-30
Remarks
Directions: Take Rosser to 20th St, turn S, on the corner of Thayer and 20th St
Public Remarks: Great investment opportunity in the heart of Bismarck. This motel features 17 units with month-to-month rentals, so no full-time employees are required. A bonus brick home is located to the west of the main building is also included. A new boiler was installed 2020, the roof was updated recently, and the siding was redone (2015). If you're looking for a stable, high-occupancy investment property, this could be for you! This property is set up like a motel, but the city has its use as 'apartments' due to its monthly lease only. Seller is a licensed agent in the state of ND.
Location
Street Number: 210
Street Name: 20th
Street Type: Street
Area: Bismarck City
Sub Area: Bismarck City NE
State: ND
Zip Code: 58501
County: Burleigh
General Property Information
Property Sub Type: Multi Family
Lot SqFt: 21300
Lot Acres: 0.49
Lot Dimensions: 142x150
Year Built: 1953
Finished Above Grade SqFt: 5383
Total Finished SqFt: 5383
Accessibility Features: Yes
Fee: No
Status Change Info
Status: Closed
Under Contract Date: 2023-05-12
Sold Date: 2023-06-28
Sold Price: $652,519.54
Property Features
Business Type: Hotel/Motel
Cooling: Wall/Window Unit(s)
Heating: Boiler; Natural Gas
Construction Materials: Block; Steel Siding; Vinyl Siding; Other
Basement: See Remarks
Water Source: Public
Sewer: Public Sewer
Possession: Close Of Escrow
Accessibility Features: Accessible Entrance
Lot Features: Level
Parking Features: Off Street
Listing Office: Better Homes and Gardens Real Estate Alliance Group
