611-615 N 6th ST Bismarck, ND 58501
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,574 sqft
Price per Sqft $156
MLS Listing ID 4027190
Style See Remarks
Bedrooms 20
Full Baths 17
Three Quarter Bath 1
Year Built 1923
Annual Tax Amount $5,575
Lot Size 7,048 Sqft
Acres 0.16
Lot Dimensions 50x50x141 (each)
Property Sub-Type Multi Family
Property Description
Current rents have intentionally been maintained below market, providing significant value-add potential for the next owner. The portfolio consists primarily of one-bedroom apartments, providing workforce housing in a convenient central Bismarck location near downtown, the State Capitol, major employers, healthcare/hospitals, shopping, restaurants, and public transportation.
At the $1,500,000 offering price, the portfolio is priced at approximately $83,333 per unit. Rent roll, utility history, tax statements, capital improvement records, lease information, financial documentation, and operating expense history are available for due diligence.
Location
State ND
County Burleigh
Area Bismarck City
Direction Properties located downtown. From Rosser, go north on 6th street. Located on east side of street.
Rooms
Other Rooms Shed(s)
Basement See Remarks
Interior
Interior Features See Remarks
Heating Boiler, Forced Air, Natural Gas
Cooling Other
Fireplace No
Exterior
Exterior Feature Storage, Private Entrance, Balcony
Parking Features Unassigned, On Street
Garage Spaces 1.0
Fence None
Porch Deck, Porch, Other
Total Parking Spaces 1
Garage Yes
Private Pool No
Building
Lot Description Other, Level, Lot - Owned
Sewer Public Sewer
Water Public
Architectural Style See Remarks
Structure Type Other,Frame
Others
Tax ID 0020-042-030
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