Multi Family Home · Bismarck, ND 58501
Bismarck, ND 58501
$1,500,000
ActiveMLS® 4027190
PACKAGE SALE! Rare 18-unit multifamily investment opportunity in central Bismarck! Offered at $1,500,000, this portfolio includes two adjacent apartment buildings. 611 N 6th features 5 units and 615 N 6th features 13 units, for a total of 18 units. A 20x12 detached garage is also on site for added storage. The properties have been under the same ownership since the early 1990s, with a history of stable occupancy, consistent maintenance, and numerous capital improvements. Current rents have intentionally been maintained below market, providing significant value-add potential for the next owner. The portfolio consists primarily of one-bedroom apartments, providing workforce housing in a convenient central Bismarck location near downtown, the State Capitol, major employers, healthcare/hospitals, shopping, restaurants, and public transportation. At the $1,500,000 offering price, the portfolio is priced at approximately $83,333 per unit. Rent roll, utility history, tax statements, capital improvement records, lease information, financial documentation, and operating expense history are available for due diligence.
Information is from sources deemed reliable but it should not be relied upon without independent verification. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.