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    1300 America Ave Bemidji, MN 56601

    For Sale
    $599,900

    Prime Bemidji investment opportunity near BSU.

    Property size:
    5,312 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 10-unit apartment complex presents a lucrative investment opportunity in Bemidji, Minnesota. Strategically located just five blocks from Bemidji State University, this property enjoys a high demand for student and young professional housing. The low-rise building boasts a total of 5,312 square feet and sits on a 0.56-acre lot. The complex comprises six two-bedroom units and four studio/efficiency apartments, all conveniently situated on a single level with private entrances. Residents benefit from off-street parking, including six garages, and the added convenience of on-site laundry facilities located in the basement. The property boasts an excellent rental history, demonstrating consistent occupancy and reliable income generation. Furthermore, the sale includes three additional vacant lots, offering significant potential for future expansion or development. This well-maintained property represents a rare opportunity to acquire a turnkey investment with strong cash flow and significant upside potential in a desirable location. The asking price is $599,900. This is a truly exceptional opportunity for investors seeking a stable and profitable addition to their portfolio. The property's proximity to Bemidji State University ensures consistent tenant demand, while the existing infrastructure and well-maintained condition minimize immediate capital expenditures. The inclusion of three additional lots provides significant flexibility for future growth and expansion.

    Property Features for 1300 America Ave

    General Information

    Property type
    Residential income properties
    Square Feet
    5,312 SF
    Lot Size
    24,394 SF

    Building Details

    Year Built
    1954
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bemidji
    County
    Beltrami
    State
    Minnesota
    Longitude
    -94.88374
    Latitude
    47.48082

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    FAQs

    What type of property is this?
    Residential income property - Prime Bemidji investment opportunity near BSU.
    Where is this residential income property located?
    The property is located at 1300 America Ave Bemidji, MN.
    What is the asking price?
    The asking price for this property is $599,900.
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    1300 America Ave Bemidji, MN 56601
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    Bemidji, MN 56601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1300 America Ave Bemidji, MN 56601
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