Eight-Unit Residential Portfolio - Apartments FOR SALE


Crosby, ND 58730
$529,000 USD
503-796-9562
Eight-Unit Residential Portfolio, Crosby, ND for Sale
$529,000 USD
Apartments - FOR SALE
1/31
null | 9.24% Cap Rate

Eight-Unit Residential Portfolio
Crosby, ND 58730


HIGHLIGHTS

  • Eight-unit residential portfolio across two fully leased four-plex buildings in Southeast Crosby, offering stable income and low maintenance.
  • Each 1,200-square-foot unit features three beds, two baths, in-unit laundry, individual metering, and minimal shared space for enhanced privacy.
  • Excellent location off Route 5 near restaurants, schools, and community amenities, conveniently located near North Dakota's oil industry corridor.
  • Strong rental history with $72,000 in gross annual rents, offering a 9.24% cap rate and 9.20% cash-on-cash return for income-focused investors.
  • Area demographics support investment strength with nearly 1,000 residents within 5 miles earning over $102,000 in average household income annually.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$529,000 USD

PRICE/SF

$55 USD /SF

# OF UNITS

8

PRICE/UNIT

$66,125

CAP RATE

9.24%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2014

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

36,942 SF

ZONING

Commercial

APN/PARCEL ID

34-0000-78130-005

ASK ABOUT THIS PROPERTY

Dan CarrollStella Reagan Investments LLCMore Info
503-796-9562

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Dan CarrollStella Reagan Investments LLCMore Info
503-796-9562

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