504 3Rd Ave Wahpeton, ND 58075
- Apartment buildings
- 8,000 SF
Current Use by Public Records
- Apartment buildings
Property Details for 504 3Rd Ave
- Property size
- 8,000 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wahpeton
- County
- Richland
- State
- North Dakota
- Longitude
- -96.6073
- Latitude
- 46.2662
