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$2,100,000
415 Fraine Barracks Road
Bismarck, ND 58504
MLS# 3409056
Status: Closed
25791 sqft

Property Description
24-plex and 12-plex, to be sold together, located in west-central Bismarck with easy access to Main Street, Memorial Hwy Bridge, and the Riverfront Trail along River Road. Each unit is assigned a single garage, additional surface parking is also available. Tenants pay electricity, in-unit television & internet, as well as coin-operated laundry. SF listed is for 24 unit. Buyer to verify 12 unit SF. 5.9% cap rate based on annualized 2020 owner financials; 100% occupancy; Masonry exterior; Some units have been updated; Steel decking on balconies. *Additional photos available

Details
Maps
Contract Information
Sold Price: $2,100,000
Current Price: $2,100,000
List Price/SqFt: 91.12
Sold Price/SqFt: 81.42
Date Listed: 2020-10-28
Remarks
Directions: West on Main Ave to Memorial Hwy/Fraine Barracks Rd, North on Fraine Barracks Rd
Public Remarks: 24-plex and 12-plex, to be sold together, located in west-central Bismarck with easy access to Main Street, Memorial Hwy Bridge, and the Riverfront Trail along River Road. Each unit is assigned a single garage, additional surface parking is also available. Tenants pay electricity, in-unit television & internet, as well as coin-operated laundry. SF listed is for 24 unit. Buyer to verify 12 unit SF. 5.9% cap rate based on annualized 2020 owner financials; 100% occupancy; Masonry exterior; Some units have been updated; Steel decking on balconies. *Additional photos available
Location
Street Number: 415
Street Name: Fraine Barracks
Street Type: Road
Area: Bismarck City
Sub Area: Bismarck City SW
State: ND
Zip Code: 58504
County: Burleigh
General Property Information
Property Sub Type: Multi Family
Lot SqFt: 55000
Lot Acres: 1.26
Lot Dimensions: 200x275
Year Built: 1968
Finished Above Grade SqFt: 25791
Total Finished SqFt: 25791
Garage: Yes
Fee: Yes
Fee Includes
Fee Frequency: Monthly
Status Change Info
Status: Closed
Under Contract Date: 2020-12-10
Sold Date: 2021-01-28
Sold Price: $2,100,000
Property Features
Business Type: Other
Building Info: See Remarks
Cooling: Wall/Window Unit(s)
Heating: Baseboard; Boiler; Hot Water; Natural Gas
Construction Materials: Brick; Frame; Wood Siding
Foundation: Unknown
Basement: Egress Windows; Partial
Water Source: Public
Sewer: Public Sewer
Fee Includes: See Remarks
Possession: Close Of Escrow
Parking Features: Detached
Listing Office: CRA

Office Phone: 701-527-0138

Last Updated: September - 06 - 2024

Information deemed reliable but not guaranteed.

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