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$2,950,000
313 Interstate Avenue W
Bismarck, ND 58503
MLS# 4004297
Status: Closed
30440 sqft
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Property Description
This is a great investment opportunity! This building is being sold together with the adjacent building at 333 W Interstate Ave.(MLS# 4004298) In total, there are 40 units, and all but five of them have been completely redone in the last 2 years. New flooring, paint, appliances, etc! (There are 17 one bed/one bath, and 23 2 bed/one baths) (12 of the one-bedroom units have a second non-conforming bedroom) There are 8 sets of shared coin-op washers & dryers, and a security system with 20+cameras and keypad secured entrances. New roof on both buildings in 2018. All new decking and railings installed on building 333 in 2019. Financials available upon request to qualified buyers. Property is currently managed by Clooten Property Mgt and is fully stabilized, bringing in a combined total of $30k gross revenue per month. Buyer to verify square footage, taxes, specials, and lot dimensions.

Details
Maps
Contract Information
Sold Price: $2,950,000
Current Price: $2,950,000
List Price/SqFt: 96.91
Sold Price/SqFt: 96.91
Date Listed: 2022-09-16
Price Type: Sale Only
Remarks
Directions: Building is located on the SW corner of Washington St. and Interstate Ave.
Public Remarks: This is a great investment opportunity! This building is being sold together with the adjacent building at 333 W Interstate Ave.(MLS# 4004298) In total, there are 40 units, and all but five of them have been completely redone in the last 2 years. New flooring, paint, appliances, etc! (There are 17 one bed/one bath, and 23 2 bed/one baths) (12 of the one-bedroom units have a second non-conforming bedroom) There are 8 sets of shared coin-op washers & dryers, and a security system with 20+cameras and keypad secured entrances. New roof on both buildings in 2018. All new decking and railings installed on building 333 in 2019. Financials available upon request to qualified buyers. Property is currently managed by Clooten Property Mgt and is fully stabilized, bringing in a combined total of $30k gross revenue per month. Buyer to verify square footage, taxes, specials, and lot dimensions.
Location
Street Number: 313
Street Name: Interstate
Street Type: Avenue
Street Direction Sfx: W
Area: Bismarck City
Sub Area: Bismarck City NE
State: ND
Zip Code: 58503
County: Burleigh
General Property Information
Property Sub Type: Multi Family
Lot SqFt: 25268
Lot Acres: 0.58
Lot Dimensions: 257x118
Year Built: 1974
Finished Above Grade SqFt: 22830
Finished Below Grade SqFt: 7610
Total Finished SqFt: 30440
Accessibility Features: No
Fee: No
Patio And Porch Features
# of Decks: 8
Status Change Info
Status: Closed
Under Contract Date: 2022-11-28
Sold Date: 2023-01-01
Sold Price: $2,950,000
Property Features
Business Type: Other
Cooling: Ceiling Fan(s); Wall/Window Unit(s)
Heating: Baseboard; Hot Water
Construction Materials: Concrete; Steel Siding
Roof: Flat; Rubber
Architectural Style: Apartment Style
Levels: Three Or More
Flooring: Carpet; Laminate; Vinyl
Foundation: Concrete Perimeter
Basement: Concrete; Daylight; Egress Windows; Finished; Full; Interior Entry; Storage Space; Walk-Out Access
Exterior Features: Keyless Entry; Private Entrance
Fencing: Chain Link; Partial
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected; Trash Pickup - Public
Tenant Pays: Cable TV; Electricity
Included: Ceiling Fan(s); Dishwasher; Disposal; Dryer; Exhaust Fan/Hood; Keyless Entry; Microwave Hood; Range; Refrigerator; Security System; Washer; Window Treatments
Road Frontage Type: City Street
Amenities: Laundry; Manager on Premises; Pets Allowed
Listing Terms: Conventional; Owner May Carry
Possession: Close Of Escrow
Lot Features: Corner Lot; Lot - Owned
Parking Features: Assigned; Concrete; Deck; Lighted; Off Street; Outside; Parking Lot
Listing Office: Better Homes and Gardens Real Estate Alliance Group

Last Updated: September - 06 - 2024

Information deemed reliable but not guaranteed.

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