Property summary
This well-maintained, 13-unit apartment building presents a compelling investment opportunity in Glen Ullin, North Dakota. Located at 202 5th St, this single-story, 1962-built property sits on a 0.65-acre lot and is zoned for commercial use. Currently, thirteen units are available, with one currently used as a shared laundry facility. This laundry facility could easily be relocated to existing storage space, creating an additional rental unit. Adding to the income potential, two units are successfully operated as short-term rentals, catering to seasonal workers and travelers. The building boasts various updates and amenities, attracting both long-term and short-term tenants. This property offers a strong net operating income (NOI) and flexibility in rental options, ensuring stable cash flow and potential for growth. The high demand for housing from seasonal workers in the area further enhances the investment appeal. This is a unique chance to acquire a profitable multifamily property in a growing market. The property's location in Morton County, zip code 58631, provides easy access to local amenities and services. This turnkey operation is ready for a new owner to capitalize on its existing success and further expand its potential.
Property profile
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6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
ETZ · Glen Ullin, NDZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for ETZ in Glen Ullin, ND.
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