• First Time Ever Offered for Sale
A truly rare opportunity to acquire a legacy property that has never previously traded — assets of this scale almost never come to market in Grand Forks.
• 81-Unit Building in a High-Demand Market
One of the largest residential assets in the submarket, offering immediate scale, durable cash flow, and long-term hold appeal.
• Highly Desirable & Efficient Unit Mix – 78 One-Bedroom / 3 Two-Bedroom Units
Ideal for today’s renter profile — strong demand for affordable, efficient living driving consistent absorption and rent growth.
• Significant Value-Add Through Interior Modernization
Clear upside through unit upgrades, finishes, appliances, and amenities to capture market rents and increase NOI.
• Underutilized Revenue Enhancement Opportunities
Ability to implement strategic rent increases, RUBS, parking, laundry, and premium unit finishes to drive additional income.
• Rare Entry Point Into a Supply-Constrained Multifamily Market
Limited new development of assets this size creates built-in pricing power over time.
• Long-Term Appreciation with Scalable Upside
Investors benefit from immediate income with a clear path to forced appreciation through thoughtful repositioning.