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$505,000
Est. payment /mo
10 Beds
4 Baths
3,259 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,259 sqft
Price per Sqft $154
Subdivision Original Townsite
MLS Listing ID 6730889
Style (MF) Four Plex
Bedrooms 10
Year Built 1890
Annual Tax Amount $5,614
Acres 0.17
Lot Dimensions 46x140
Property Description
Investor Alert—this fully renovated 4-plex, originally built in 1890, offers a rare combination of historic charm and modern upgrades. Over its 135-year history, the property has gone through many phases, and while it does have some expected quirks like uneven floors, a gravel parking lot, and no garage or yard, tenants have loved living here thanks to the extensive improvements made by the current owner. Over the past three years, the property has been stabilized and transformed into a strong, cash-flowing asset with a current rent roll of $5,300 per month. Recent upgrades include a roof that's less than 10 years old, nearly all new windows, new PEX & PVC water and sewer lines including vent stacks, a full drain tile system, spray foam insulation around the perimeter, full electrical update throughout including each unit's own panel, new drywall, paint, flooring, doors, and trim throughout, as well as fully modernized kitchens with new cabinets, countertops, and appliances. Each unit has its own washer, dryer, and dishwasher, along with new heating and cooling systems. The building is made up of two 2-bedroom, 1-bath units and two 3-bedroom, 1-bath units, all featuring in-unit laundry. Whether you're an investor looking for a low-maintenance, turn-key income property or an owner-occupant interested in house hacking, this is a rare opportunity to own one of the most thoroughly updated multi-family properties on the market.
Location
State ND
County Cass
Community Original Townsite
Direction S University
Rooms
Basement Concrete Block
Interior
Heating Other
Flooring 7293.0
Laundry In Unit
Exterior
Parking Features Parking Lot, Gravel Lot
Roof Type Architectural Shingle
Accessibility None
Building
Foundation Concrete Block
Water City Water/Connected
Architectural Style (MF) Four Plex
Others
Senior Community No
Tax ID 01224001850000
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Listed by REAL (3961 WF)
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