Secure a prime investment opportunity in the heart of the Bakken Oil Field.
This stabilized multifamily portfolio consists of two identical two-story, four-plex residential buildings and offers fully leased units on the southeast side of Crosby, North Dakota. Each 1,200-square-foot unit features three bedrooms, two full baths, in-unit washers and dryers, individual metering, and appliances.
Built in 2014 and designed for low maintenance, the buildings are in excellent condition, with newly installed gutters, heated crawlspaces, and a full parking lot with ample off-street parking. The multifamily properties follow a duplex layout where each unit only shares a hallway/common area with another tenant. Located just off Route 5 and within walking distance of local amenities, including the Bypass Bar & Grill, Guardian Inn, the high school, and the community recreation center, this portfolio is ideally positioned within the North Dakota oil industry corridor.
Nearly 1,000 residents live within 5 miles of the property, representing an average household income exceeding $ 102,100 annually. With a strong rental history, $72,000 in annual gross rent, and a 9.24% cap rate, this offering presents a cash-on-cash return of 9.20%. This is an ideal opportunity for investors seeking dependable income and long-term upside in an active energy market.