1500 1St Ave Mandan, ND 58554

Exceptional investment opportunity: a fully occupied six-unit apartment building located at 1500 1st Ave NW, Mandan, North Dakota, 58554. This three-story brick building, constructed in 1977, boasts 6,945 square feet on a 9,100 square foot lot (APN: 65-2150000). Each of the six units offers two bedrooms and one bathroom. The property benefits from convenient access to downtown Mandan and Interstate 94, ensuring high tenant demand. Currently operating at 100% occupancy, rents are projected to increase on October 1, 2024, boosting potential gross income to $58,440. Additional features include on-site parking and coin-operated laundry facilities on each floor. The property is zoned CA - Neighborhood Commercial. 2023 property taxes totaled $6,803.50, with special installments of $1,220.63 and a balance of $5,333.49. This is a turnkey investment ready for immediate income generation. The asking price for this exceptional property is $530,000.