804 Elk St Alexander, ND 58831-3160
This exceptional 15,000-square-foot multifamily property in Alexander, North Dakota, presents a compelling investment opportunity. Located at 804 Elk St, 58831, this 1985-built apartment building comprises 24 units: 21 hotel-style rooms, two apartments, and a manager's suite. Recent renovations include a new roof, updated flooring throughout, modern kitchen cabinets and countertops, and renovated bathrooms, ensuring a turnkey operation. The property sits on a 0.723-acre lot and offers six convenient RV hookups. With its spacious layouts and recent upgrades, this property is ideal for companies seeking to provide cost-effective housing solutions for their workforce. The asking price is $429,990, translating to $28.67 per square foot. This well-maintained complex offers significant potential for return on investment in the thriving McKenzie County market. The property's versatility, combining hotel-style rooms and apartments, caters to a diverse range of occupants, maximizing rental income potential. Don't miss this chance to acquire a profitable and well-maintained multifamily asset in a growing North Dakota community.
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Motel Alexander Hotel & Motel
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Alexander Apartments Apartment Building
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.