630 10Th St Moorhead, MN 56560

This exceptional value-add investment opportunity presents a six-unit apartment building located at 630 10th St N in Moorhead, Minnesota, 56560. Built in 1965, this two-story building offers a compelling mix of units, including a spacious four-bedroom, two-bathroom unit with a garage, and five one-bedroom units. The property boasts a strong current cash flow, with a consistently high occupancy rate. The asking price is $235,000, representing an attractive 8.09% capitalization rate based on a net operating income (NOI) of $19,000. Its prime location near schools, shopping, and the vibrant downtown areas of both Moorhead and Fargo makes it highly desirable for tenants. This property presents a significant opportunity for an investor seeking a strong return on investment with potential for further value enhancement. The building consists of one structure with a total of six units. This is a multifamily investment property classified as a value-add opportunity. The property's strong performance and strategic location make it an ideal addition to any investment portfolio. Serious inquiries are encouraged to explore this promising investment prospect further.