Additional details

Erik Laine

erik@tedtalksautomation.com +1(612) 234-1439

$975,000

Est. payment - /mo

23 Beds

17 Baths

0.53 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Adams & Frees Add

MLS Listing ID 7134395

Bedrooms 23

Year Built 1968

Annual Tax Amount $9,202

Tax Year 2025

Contingent None

Lot Size 0.532 Acres

Lot Dimensions Multiple lots

Property Description

An exceptional, turn-key investment opportunity consisting of a 17 unit apartment building with 5 detached garage stalls. Building offers 11 one bed/one bath units and 6 two bed/one bath units. Coin operated laundry. Lisbon is a thriving community with a hospital, the state Veterans' Home, multiple manufacturing businesses, Lisbon school, a large sunflower processing plant to the North, 15 miles from Bobcat's manufacturing plant, and more. Property manager lives onsite. This great investment opportunity boasts 9 plus CAP rate along with an almost 100% occupancy over the last many years.

Location

State ND

County Ransom

Zoning Residential-Multi-Family

Interior

Heating Baseboard, Boiler

Cooling Wall Unit(s)

Inclusions Building

Fireplace No

Exterior

Parking Features Detached Garage, Parking Lot

Garage Spaces 5.0

Utilities Available Heating Separate

Present Use Residential

Building

Lot Description Corner Lot

Foundation 3600

Sewer City Sewer - In Street

Water City Water - In Street

New Construction false

Schools

School District Lisbon

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Listed by Rich Olson • Next Level Real Estate

Nearby School & Business

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Erik Laine

+1(612) 234-1439

Agent License ID: 40093959

910 Maple ST Lisbon, ND 58054

Erik Laine

Key Details

Location

Interior

Exterior

Building

Schools

Nearby School & Business

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