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Property profile & analytics
OFF-MARKET
Commercial real estate

804 Elk St Alexander, ND 58831-3160

0.4 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US56-0634909
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.4 ac (17,424 SF)
APN 79-65-20000
UPID US56-0634909
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Motel Alexander Hotel & Motel
  • Alexander Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
CEDARBROOK PROPERTIES LLC
CEDARBROOK PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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