504 3Rd Ave Wahpeton, ND 58075
- Apartment buildings
- 8,000 SF
- 0.18 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 504 3Rd Ave
- Year built
- 1967
- Lot size
- 0.18 lot acres
- Property size
- 8,000 SF
- Property type
- Apartment buildings
Description
This exceptional 8,000 square foot, 17-unit apartment building located at 504 3rd Avenue N in Wahpeton, North Dakota, represents a compelling investment opportunity. Currently boasting 100% occupancy, this low-rise property generates immediate and substantial rental income. The unit mix includes a combination of one- and two-bedroom apartments, providing a diverse tenant base and consistent cash flow. A proven rental history underscores the property's strong performance and stability in the Wahpeton market. The building sits on a 0.18-acre lot, and importantly, the sale includes an adjacent parcel of land, providing ample off-street parking for residents. This valuable amenity enhances tenant satisfaction and contributes to the property's overall appeal. The asking price for this fully occupied, income-producing asset is $849,900. This presents a rare chance to acquire a well-maintained, high-performing multifamily property with significant potential for long-term appreciation and growth in a desirable North Dakota location. The combination of full occupancy, convenient parking, and a proven track record makes this an attractive investment for discerning buyers seeking immediate returns and future upside. Serious inquiries are encouraged.
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
