1530 6th SW Ave Jamestown, ND 58401-5223
- Commercial real estate
Current Use by Public Records
- Buffalo Motel / Motel / Extended Stay Hotel
Property Details for 1530 6th SW Ave
- Property type
- Commercial real estate
- APN
- 74-4592000
- APU
- 744592000
Description
This exceptional 23-unit apartment building in Jamestown, North Dakota presents a compelling investment opportunity. Located at 1530 6th Ave SW, this two-story, 6,672 square foot property boasts a strong financial performance, reflected in its $103,117 net operating income (NOI) and a 10.89% capitalization rate. Built in 1960, the property has undergone significant renovations, including the installation of a fire sprinkler system and features a coin-operated laundry room for added revenue. The units are a mix of one- and two-bedroom apartments and efficiencies. The building also includes an office/lobby area and 2,000 square feet of basement storage. Conveniently located 0.7 miles north of I-94, this property benefits from excellent accessibility and visibility. The asking price is $947,000, translating to $41,174 per unit. Financial statements for 2023 and an appraisal are available. The seller will consider some seller financing options. Buyer is responsible for verifying square footage. This is a turnkey cash-flow generating asset with high occupancy rates, achieved through effective marketing strategies and established community relationships. The property's history as a converted motel provides a unique character and established tenant base.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Jamestown
- County
- Stutsman
- State
- North Dakota
- Longitude
- -98.7164
- Latitude
- 46.8943
- CBSA code
- 27420
- CBSA name
- JAMESTOWN, ND MICROPOLITAN STATISTICAL AREA
