Listing Agency: Century 21 Morrison Realty

Listed By: Carol Petersen · License #ND

Source: Crexi

Added: Apr 12 Changed: Jul 23 Last Checked: Aug 11 at 4:46PM

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Investment Insights

Based on property information with market context.

This property is a six-unit efficiency/extended-stay apartment building with furnished units. Each unit is described as including queen beds, seating, dresser and storage items, and kitchen appliances such as a refrigerator, range, dishwasher, and microwave/hood. Units also feature wall heater/AC units, a breaker panel, and a 3/4 bath with shower. Unit 1 is currently occupied by the owner and is described as slightly larger, with a full bath that includes a tub/shower combination. A laundry room sits adjacent to unit 1 with two washers, two dryers, a folding table, and a laundry tub. The mechanical room behind the laundry room includes two large water heaters, master breaker panels, and access to a 4' crawl space under the building.

The exterior is described as having vinyl siding and a wooden deck running the full length of the building. At the rear, the property provides parking for at least five vehicles, with exterior outlets connected to the breaker panel inside each respective unit.

The crawl space is described as insulated with a crushed rock floor, and includes a sump hole with a pump. The listing notes the property is in the City of Harvey and is located near downtown businesses, the library, clinics, and other amenities.

Key Highlights

• Six furnished efficiency/extended‑stay units
• Each unit includes a queen bed, refrigerator, range, dishwasher, microwave/hood, and 3/4 bath with shower
• Individual wall heater/AC in every unit, plus breaker panel for each unit

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Law Firm Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6

Residential units

Location Intelligence

Trade Area within ½ mile

266

Businesses Nearby

Explore this area Business Placement

Demographics for 58341, ND

2,404

Population

1,449

Households

1.7

Avg Household Size

52

Median Age

20%

College-Educated

90%

High-School Grad

434.0 sq mi

ZIP Area

6

Density / Sq Mi

$62,375

Median Household Income

$36,611

Median Earnings

$631

Median Rent

$131,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Six furnished efficiency/extended-stay units with individual wall heat/AC and 3/4 baths, plus rear parking for at least five vehicles.

Where is this apartment building located?

The property is located at 812 Adams Avenue Harvey, ND.

What are key features of this property?

This property features: Six furnished efficiency/extended‑stay units; Each unit includes a queen bed, refrigerator, range, dishwasher, microwave/hood, and 3/4 bath with shower; Individual wall heater/AC in every unit, plus breaker panel for each unit