Property profile

504 3Rd Ave Wahpeton, ND 58075

OFF-MARKET
Apartment buildings
8,000 SF
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Property summary

AI-generated overview

This exceptional 17-unit apartment building, known as Del Rose, is situated at 504 3rd Ave N in Wahpeton, North Dakota, zip code 58075. Currently boasting 100% occupancy, this three-story building presents a compelling investment opportunity with immediate cash flow. The property encompasses 8,000 square feet and offers a mix of one- and two-bedroom units, providing a diverse tenant base. Its strong rental history and consistent occupancy demonstrate its appeal and potential for long-term growth. An added benefit is the inclusion of an adjacent lot, providing ample off-street parking for residents, enhancing both tenant satisfaction and the overall property value. The asking price for this multifamily property is $849,900. Located in Richland County, this property is strategically positioned in Wahpeton, ND, offering convenient access to local amenities and services. This turnkey investment is ideal for those seeking a stable and profitable addition to their portfolio. The property's solid performance and attractive features make it a highly desirable acquisition in the North Dakota market. This is a rare opportunity to acquire a fully occupied, income-generating multifamily property with significant upside potential.

Property profile

Verified
Property type Apartment buildings
Total area 8,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

504 3Rd Ave Wahpeton, ND 58075
Wahpeton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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