304 Antelope Ave Forman, ND 58032
This exceptional investment opportunity presents a well-maintained, two-unit apartment building ideally situated at 304 & 306 Antelope Avenue in Forman, North Dakota, 58032. Built in 2014, this property boasts a total of 3,280 square feet on a sizable 0.46-acre lot. The building features two distinct units: one with two bedrooms and a single-car garage, and the other offering three bedrooms and a two-stall garage. Both units benefit from oversized garages equipped with floor heat and drains, 36-inch doors, 9-foot ceilings, and 10x8-foot garage doors. Luxury features include walk-in whirlpool tubs and in-floor heating systems with propane and electric backup. Adding a unique security feature, the master walk-in closets are designed as secure rooms with 8-foot concrete walls and fire-rated doors. The property is zoned for residential multifamily use and offers convenient access. The building's exterior is finished with vinyl siding. The Sargent Central High School serves the area. Current income projections indicate a total annual income of $1800, with estimated annual utility expenses of $340. This property represents a strong cash-flowing investment with significant potential for future appreciation. The property includes three parking spaces. County records indicate the building area as 3,280 square feet. Accessibility features include accessible entrances, accessible full baths, and hallways.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.