808 Main St Scranton, ND 58653
- Mixed-use properties
- 0.32 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 808 Main St
- Lot size
- 0.32 lot acres
- Property type
- Mixed-use properties
Description
This exceptional investment opportunity presents an eight-unit apartment building situated on a 0.32-acre lot at 808 Main St. N, Scranton, North Dakota (Lots 5-6, Block 3, North Heights). The property, totaling 6,792 square feet, boasts a desirable unit mix: seven two-bedroom, one-bathroom apartments and one fully furnished one-bedroom, one-bathroom unit. Each unit is equipped with a refrigerator, stove, microwave, and window air conditioning unit. Residents enjoy shared laundry facilities conveniently located on the main floor. Further enhancing the property's appeal are a three-stall, 22ft x 36ft garage, an 8ft x 10ft storage shed, and a spacious 3900 square foot concrete parking lot. Built in the 1970s and completely renovated in 1997, the building is currently 87.5% occupied, with one two-bedroom unit available for rent at $600 per month. The property benefits from city water and sewer, MDU electricity, and baseboard electric heating. 2022 property taxes amounted to $1,692.71. This well-maintained complex offers a strong return on investment with potential for increased rental income. The asking price is $334,800. Viewings are by appointment only.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- 38011
- State
- North Dakota
- Longitude
- -103.144
- Latitude
- 46.1544
