201 3rd Street New Salem, ND 58563
Multi-Family Home
MLS #: 4013061
Listed By CENTURY 21 Morrison Realty
$515,000
12 beds
|
13 baths
|
1 half baths
|
8,784 sq ft
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Estimated monthly payments:
$2,251/mo.* (recalculate)
Property InformationDescription
What an EXCELLENT opportunity to purchase a quality, well built, WELL MAINTAINED, fully rented 13-plex investment property just 25 miles west of Mandan. Monthly income is $7,700 increasing to $7,850/mo in June, crushing the 1 percent rule! This property includes an ADDITIONAL HALF ACRE of land for potential future development as well. In the last 10 years the updates have been numerous: All new windows, gutters, exterior doors, two hot water heaters and attic insulation was added. Maybe most significantly, a huge investment has been made with a new concrete parking lot and sidewalks all around the property. All units are fully rented. The 13th unit is a VERY large studio that used to be used for community gatherings. This bathroom in the 13th unit has just finished undergoing a bathroom upgrade. Management company recommendations are available upon request. Property includes a coin operated laundry and a shed. Buyer to verify all information. Please contact your favorite REALTOR today to take a look!
Features
- Appliances: Dryer, Range / Oven, Refrigerator, Washer
- Basement: None
- Cooling: Other A/C
- Exterior Description: Brick
- Lot Description: Level
- Lot Size: 1.12 Acres
- Sewer: Public
- Style: Other Style
- Water: Municipal Water
MAP & DIRECTIONS
School Information
201 3rd Street, New Salem, ND 58563
Elementary School
Grades KG-6 |
Public School
PRAIRIE VIEW ELEMENTARY SCHOOL
New Salem, ND 58563
400 N 4th St
701.843.7823
Distance: 0.2 mi
Student:Teacher Ratio
10:1
Total Students
179
Middle School
Grades 7-12 |
Public School
NEW SALEM-ALMONT HIGH SCHOOL
New Salem, ND 58563
310 Elm Ave
701.843.7610
Distance: 0.1 mi
School Rating
A-
Student:Teacher Ratio
10:1
Total Students
167
High School
Grades 7-12 |
Public School
NEW SALEM-ALMONT HIGH SCHOOL
New Salem, ND 58563
310 Elm Ave
701.843.7610
Distance: 0.1 mi
School Rating
A-
Student:Teacher Ratio
10:1
Total Students
167
Demographic Data
New Salem, ND 58563
| Median Age: | 47.3 |
|---|---|
| Married: | 65% |
| Number of Households: | 974 |
| Households with Children: | 31.9% |
New Salem, ND 58563
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
