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    630 10Th St Moorhead, MN 56560

    Sponsored
    For Sale
    $235,000

    High-Yield Apartment Building, Prime Location

    Property size:
    3,970 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional six-unit apartment building presents a compelling investment opportunity in Moorhead, Minnesota. Strategically located near schools, shopping centers, and the vibrant downtown area of Moorhead/Fargo, this property boasts a desirable location that ensures consistent tenant occupancy. The building comprises a diverse unit mix, including one spacious four-bedroom, two-bathroom unit with an attached garage, and five efficiently designed one-bedroom units. This configuration caters to a broad range of tenant needs, maximizing rental income potential. The property sits on a 0.18-acre lot, providing ample space for the building and potential for future expansion or improvements. The current rental income stream provides a solid foundation for immediate returns, while the asking price of $235,000 presents a significant value-add opportunity for a savvy investor. The building's 3,970 square feet are well-utilized, offering a high return on investment. This property is an excellent choice for investors seeking a stable, cash-flowing asset in a thriving market. The proximity to amenities and the diverse unit mix contribute to strong tenant demand and minimize vacancy risks. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly sought-after location. Don't miss out on this chance to secure a profitable investment in a growing community.

    Property Features for 630 10Th St

    General Information

    Property type
    Residential income properties
    Square Feet
    3,970 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Moorhead
    County
    Clay
    State
    Minnesota
    Longitude
    -96.76399
    Latitude
    46.8825

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    FAQs

    What type of property is this?
    Residential income property - High-Yield Apartment Building, Prime Location
    Where is this residential income property located?
    The property is located at 630 10Th St Moorhead, MN.
    What is the asking price?
    The asking price for this property is $235,000.
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    630 10Th St Moorhead, MN 56560
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    Moorhead, MN 56560
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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
    630 10Th St Moorhead, MN 56560
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