424 Main St Lisbon, ND 58054-4167

Property Details for 424 Main St

Property type

Commercial land

APN

28-4850000

APU

284850000

Description

This charming, historic building, known as the Hamilton Block, presents a unique investment opportunity in Lisbon, North Dakota. Located at 424 Main St, 58054, this two-story, Class B multifamily property boasts eight rentable units, commanding an asking price of $665,000 ($83,125 per unit). The building features a desirable mix of commercial and residential space. The main floor comprises two retail spaces, ideal for generating consistent income streams. Above, five recently remodeled apartments offer comfortable and updated living spaces for tenants. A spacious gymnasium area adds further versatility and potential for additional revenue generation. Significant improvements have been made, including a newly replaced roof, enhancing the building's longevity and reducing maintenance costs. The common hallways have also undergone impressive renovations, maintaining the building's historic character while providing a modern and welcoming atmosphere. This property offers a blend of historical charm and modern upgrades, making it an attractive investment for both seasoned and aspiring real estate investors seeking a strong return in a stable market. The property's prime location on Main Street in Lisbon ensures high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, mixed-use property with significant upside potential.