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    630 10Th St Moorhead, MN 56560

    For Sale
    $235,000

    Six-unit apartment building, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional value-add investment opportunity presents a six-unit apartment building located at 630 10th St N in Moorhead, Minnesota, 56560. Built in 1965, this two-story building offers a compelling mix of units, including a spacious four-bedroom, two-bathroom unit with a garage, and five one-bedroom units. The property boasts a strong current cash flow, with a consistently high occupancy rate. The asking price is $235,000, representing an attractive 8.09% capitalization rate based on a net operating income (NOI) of $19,000. Its prime location near schools, shopping, and the vibrant downtown areas of both Moorhead and Fargo makes it highly desirable for tenants. This property presents a significant opportunity for an investor seeking a strong return on investment with potential for further value enhancement. The building consists of one structure with a total of six units. This is a multifamily investment property classified as a value-add opportunity. The property's strong performance and strategic location make it an ideal addition to any investment portfolio. Serious inquiries are encouraged to explore this promising investment prospect further.

    Property Features for 630 10Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    2
    Units
    6

    HighLights

    • Six‑unit multifamily property located at 630 10th St N, Moorhead, MN 56560.
    • Built in 1965, the two‑story building features a mix of unit sizes, including a four‑bedroom, two‑bathroom unit with a garage, and five one‑bedroom units.
    • Strong current cash flow and high occupancy rate.
    • Asking price: $235,000, offering an 8.09% capitalization rate based on a $19,000 NOI.
    • Prime location near schools, shopping, and downtown Moorhead/Fargo.
    • Value‑add opportunity with potential for increased returns.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -96.763989
    Latitude
    46.882496

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    FAQs

    What type of property is this?
    Multifamily property - Six-unit apartment building, high ROI.
    Where is this multifamily 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.
    What are key features of this property?
    This property features: Six-unit multifamily property located at 630 10th St N, Moorhead, MN 56560.; Built in 1965, the two-story building features a mix of unit sizes, including a four-bedroom, two-bathroom unit with a garage, and five one-bedroom units.; Strong current cash flow and high occupancy rate.
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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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