220 Church St - Apartments FOR SALE


Flasher, ND 58535
$120,000 USD
701-223-6654
220 Church St, Flasher, ND for Sale
$120,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

220 Church St
Flasher, ND 58535


HIGHLIGHTS

  • Six one-bedroom units with efficient, functional floor plans that appeal to local workforce renters.
  • Fully equipped apartments including ranges, refrigerators, microwaves, and wall AC units, providing turnkey functionality for tenants.
  • Common area amenities including a gathering space, 3/4 bathroom, and coin-operated laundry that add convenience and potential ancillary income.
  • Off-street parking with individual switched outlets at each stall, ideal for North Dakota winters and tenant satisfaction.
  • Well-maintained grounds supported by a built-in lawn sprinkler system for ease of upkeep.

OVERVIEW

Great investment opportunity with this 6-unit Apartment building in Flasher, ND. There is a common area and 6 one bedroom apartments. All apartments have ranges, refrigerators, microwaves, and wall ac units. Apartments 1,3,5 have a common floor plan, and apartments 2,4,6 floor plans are mirror images. The common area has a space for gatherings, a 3/4 bathroom, and a coin operated laundry for tenant use. Each apartment has a switched outlet to plug their vehicle in at an off-street parking space. There is a sprinkler system for lawn watering. There is currently one tenant. The rent is $450 per month. The landlord pays all utilities. Flasher is 40 minutes to Mandan.

FOR SALE DETAILS

PRICE

$120,000 USD

PRICE/SF

$29 USD /SF

# OF UNITS

6

PRICE/UNIT

$20,000

CAP RATE

Request Cap Rate

% LEASED

17%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

Commercial

APN/PARCEL ID

62-0153000

ASK ABOUT THIS PROPERTY

Josh GartnerCentury 21 Morrison RealtyMore Info
701-223-6654

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Josh GartnerCentury 21 Morrison RealtyMore Info
701-223-6654

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.