501 Memorial Hwy Bismarck, ND 58504

Property Details for 501 Memorial Hwy

Year built

1953

Lot size

0.86 lot acres

Property size

4,365 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a nine-unit multifamily property located at 501 Memorial Highway in Bismarck, North Dakota. The property encompasses a substantial 4,365 square feet and sits on a 0.86-acre lot, offering ample space and potential for future development or expansion. The building comprises a diverse mix of apartment styles, catering to a range of tenant preferences. Four units boast two bedrooms each, providing comfortable living spaces for families or individuals seeking more room. Five additional units are designed as efficient studio apartments, ideal for single occupants or those seeking budget-friendly housing options. It's important to note that the five studio apartments are located upstairs and share a single bathroom. The property is offered at a price of $730,000, presenting a compelling investment opportunity in the Bismarck market. The existing tenant base provides immediate cash flow, and the property's location offers convenient access to local amenities, transportation routes, and employment centers. This property is well-suited for both seasoned investors seeking a strong return on investment and those new to the multifamily market looking for a well-established asset. The size and layout of the property offer flexibility for future renovations or upgrades, allowing for potential increases in rental income. This is a rare opportunity to acquire a well-maintained multifamily property in a desirable location. Serious inquiries are encouraged.

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Longitude

-100.7973

Latitude

46.80511