207 6Th Ave Crosby, ND 58730
This exceptional 18-unit apartment complex in Crosby, North Dakota, presents a compelling investment opportunity. Built in 2015, the property boasts 22,940 square feet on an 86,250 square foot lot and is situated on 207 6th Ave SW, 58730. The building features a mix of unit sizes, including sixteen 2-bedroom/2-bathroom units, one 3-bedroom/2-bathroom unit, and one 1-bedroom/1-bathroom unit. Each unit is designed with an open-concept living space, walk-in closets, and in-unit laundry. Many units include private patios or decks. Residents also enjoy access to a community room with a kitchen. The property is well-maintained and offers secure 24/7 access. Its prime location offers convenient access to Main Street, local restaurants, shops, parks, and schools. The asking price is $1,300,000, representing a price per unit of $72,222.22 and a price per square foot of $56.67. The property is zoned C-13 and features a single, two-story building. This complex offers above-average rental rates compared to similar properties in the area, making it an attractive investment with strong potential for future growth. The APN is 34-0000-77780-003.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
5 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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