Facebook-square Twitter Youtube Instagram
DPR Logo
$5,165,000
4600 Mckenzie Drive SE
Mandan, ND 58554
MLS# 4018350
Status: Closed
35832 sqft
tempImageVsAamQ
  1 / 21  
tempImageVsAamQ tempImage8kaBIp tempImage9y1dDZ tempImageV8Xi2A tempImage8w13yj tempImage5bTdHM tempImageMx36d7 tempImageofvD8Z tempImageTfjk7N tempImage4TIenv tempImageT1KEQO tempImage3uIRfM tempImagehYcYAO tempImage3swVQY tempImageEmlyau tempImagetZ9cfv tempImageDo8NJK tempImageha4g1O tempImageW0OBgw tempImage5DbLH3 tempImageT9MNV4

Property Description
Premier Investment Opportunity - 3 Luxury Lakewood Apartment Buildings For $5,500,000, this 36-unit multifamily investment is an exceptional opportunity in the highly sought-after Lakewood community. The portfolio consists of three buildings, each housing 12 well-designed units built for modern living and long-term value appreciation. With the potential for condominium conversion and individual sales, this property is positioned for strong returns.The property features in-unit laundry, central heating & air, and two-stall garages for tenant comfort and convenience. Within the 36 units, you will find 12 two-bedroom, one-bath units and 24 two-bedroom, two-bath units, catering to diverse tenant needs. Recent property-wide improvements, including new roofs and interior renovations, make this a low-maintenance, high-yield investment.This turnkey asset delivers strong rental income in a high-demand market, ensuring excellent cash flow and consistent occupancy. The seller is offering a contract for deed option, making this a unique chance to acquire a high-performing property with favorable financing terms.Take advantage of this outstanding investment opportunity in a thriving area. Contact us today for financials, rent rolls, and a private tour!

Details
Maps
Contract Information
Sold Price: $5,165,000
Current Price: $5,165,000
List Price/SqFt: 153.49
Sold Price/SqFt: 144.14
Date Listed: 2025-03-20
Price Type: Sale Only
Remarks
Directions: From Memorial Hwy, Turn South on 40th Ave SE, Turn East on McKenzie Drive SE, Property is located on the left hand side
Public Remarks: Premier Investment Opportunity - 3 Luxury Lakewood Apartment Buildings For $5,500,000, this 36-unit multifamily investment is an exceptional opportunity in the highly sought-after Lakewood community. The portfolio consists of three buildings, each housing 12 well-designed units built for modern living and long-term value appreciation. With the potential for condominium conversion and individual sales, this property is positioned for strong returns.The property features in-unit laundry, central heating & air, and two-stall garages for tenant comfort and convenience. Within the 36 units, you will find 12 two-bedroom, one-bath units and 24 two-bedroom, two-bath units, catering to diverse tenant needs. Recent property-wide improvements, including new roofs and interior renovations, make this a low-maintenance, high-yield investment.This turnkey asset delivers strong rental income in a high-demand market, ensuring excellent cash flow and consistent occupancy. The seller is offering a contract for deed option, making this a unique chance to acquire a high-performing property with favorable financing terms.Take advantage of this outstanding investment opportunity in a thriving area. Contact us today for financials, rent rolls, and a private tour!
Location
Street Number: 4600
Street Name: Mckenzie
Street Type: Drive
Street Direction Sfx: SE
Area: Mandan City
Sub Area: Mandan City SE
State: ND
Zip Code: 58554
County: Morton
General Property Information
Property Sub Type: Multi Family
Sub Type Details: Building Only
Lot SqFt: 128193
Lot Acres: 2.9429
Lot Dimensions: -
Year Built: 2002
Finished Above Grade SqFt: 35832
Total Finished SqFt: 35832
Garage: Yes
Garage Spaces: 72
Accessibility Features: No
Fee: No
Patio And Porch Features
# of Decks: 18
# of Patios: 18
Parking Features
Garage Dimensions: 20X20
Status Change Info
Status: Closed
Under Contract Date: 2025-05-30
Sold Date: 2025-08-20
Sold Price: $5,165,000
Property Features
Business Type: Other
Cooling: Central Air
Heating: Boiler; Forced Air; Natural Gas
Construction Materials: Aluminum Siding
Roof: Asphalt; Fiberglass; Shingle
Architectural Style: Apartment Style
Levels: Two
Flooring: Carpet; Laminate; Linoleum; Vinyl
Foundation: Slab
Basement: None
Exterior Features: Balcony; Lighting; Rain Gutters
Fencing: None
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Trash Pickup - Public
Tenant Pays: Electricity
Included: Dishwasher; Disposal; Dryer; Exhaust Fan/Hood; Garage Door Opener & Ctl; Microwave; Range; Refrigerator; Sprinkler System; Washer; Window Treatments
Road Frontage Type: City Street
Road Surface Type: Asphalt; Paved
Amenities: Ground Floor Unit; Pets Allowed; Washer/Dryer Hookup
Listing Terms: Cash; Contract for Deed
Possession: Close Of Escrow
Lot Features: Landscaped; Lot - Owned; Rectangular Lot; Sprinklers In Front; Sprinklers In Rear
Parking Features: Additional Parking; Concrete; Detached; Driveway; Garage Door Opener; Lighted
Listing Office: Realty One Group - Encore

Last Updated: August - 20 - 2025

Information deemed reliable but not guaranteed.

Search powered by FBS Products