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    207 6Th Ave Crosby, ND 58730

    For Sale
    $1,300,000

    18-Unit Apartment Building, High ROI Potential

    Property size:
    22,940 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 18-unit multi-family investment property, located at 207 6th Avenue SW in Crosby, North Dakota, presents a lucrative opportunity. Built in 2015 with premium construction and meticulously maintained, this complex boasts a diverse unit mix: sixteen 2-bedroom/2-bathroom units, one 3-bedroom/2-bathroom unit, and one 1-bedroom/1-bathroom unit. Each apartment features a desirable open-concept living space, in-unit laundry, spacious bedrooms, and additional storage in a detached single-stall garage. Main level units include concrete patios, while upper-level units offer private decks. Tenant comfort was prioritized in the design, evident in the inclusion of a community room with a kitchen, perfect for gatherings. Security is ensured with 24/7/365 secure access. The property's prime location offers easy walking access to Main Street, local restaurants, shops, parks, and schools. Rental rates exceed those of comparable multi-family properties in the area, promising strong returns on investment. The property sits on a 1.98-acre lot and encompasses 22,940 square feet of living space. This turnkey investment is priced at $1,300,000 and offers a compelling opportunity for immediate income generation and long-term appreciation.

    Property Features for 207 6Th Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    22,940 SF
    Lot Size
    86,249 SF

    Building Details

    Year Built
    2015
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Auto Repair Shop Dental Office Building Supply Wholesale Shop Hair Salon Gym & Fitness Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Crosby
    County
    Divide
    State
    North Dakota
    Longitude
    -103.3003
    Latitude
    48.90749

    Nearby Comparable

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    Nearby Similar for Sale

    • $385,000
      4,038 SF

      Crosby Mixed-Use Investment

      Historic Main Street building, 4 units
      11 Main St, Crosby, ND 58730
      View Details
    • $385,000
      4,038 SF

      11 Main St, Crosby, ND 58730

      Commercial real estate • 4,038 SF
      11 Main St, Crosby, ND 58730
      View Details
    • $165,000
      1,644 SF

      702 4Th St, Crosby, ND 58730

      Commercial real estate • 1,644 SF
      702 4Th St, Crosby, ND 58730
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 18-Unit Apartment Building, High ROI Potential
    Where is this commercial real estate located?
    The property is located at 207 6Th Ave Crosby, ND.
    What is the asking price?
    The asking price for this property is $1,300,000.
    Request Owner's contact information
    207 6Th Ave Crosby, ND 58730
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    Crosby, ND 58730
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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
    207 6Th Ave Crosby, ND 58730
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