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    OFF-MARKET
    Mixed-use properties

    808 Main St, Scranton, ND 58653

    0.32 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Mixed-use properties
    Lot 0.32 ac (13,939 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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