5180 Lincoln Rd Lincoln, ND 58504
- 1031 exchange properties
- 45,507 SF
- 2.76 lot acres
Current Use by Public Records
- 1031 exchange properties
Property Details for 5180 Lincoln Rd
- Year built
- 2014
- Lot size
- 2.76 lot acres
- Property size
- 45,507 SF
- Property type
- 1031 exchange properties
- Property subtype
- Residential income homes
- APN
- CL-138-80-75-01-020
Description
This exceptional 36-unit apartment building, situated on 2.76 acres at 5180 Lincoln Road in Lincoln, ND, presents a compelling investment opportunity. Built in 2014, this three-story structure boasts 45,507 square feet of living space, featuring individual garages for each of its 36 units. The property benefits from a prime location, just minutes from Bismarck's Kirkwood Mall, along a high-traffic corridor. Modern amenities include in-unit washers and dryers, electric heat measured per unit, wall AC units, and a comprehensive security system encompassing cameras, a DVR system, and an auto door lock system with call units in each apartment. Further enhancing safety and security, the building is fully equipped with a fire alarm and sprinkler system. The property's APN is CL-138-80-75-01-020. With existing leases in place, this new construction offers immediate income potential and a strong foundation for long-term growth. The asking price for this turnkey investment is $5,925,000. This property represents a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable location.
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
- Lincoln
- County
- Burleigh
- State
- North Dakota
- Longitude
- -100.7108605
- Latitude
- 46.765502
