For Sale: Grand Forks MLS# 7034898
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Property Description
Twenty-nine unit apartment complex located in Grand Forks featuring a mix of one-, two-, and three-bedroom units. The property is consistently at high occupancy rates and producing consistent income. Including on-site coin-operated laundry and a large parking lot. A large green space/city park is located directly adjacent to the property, offering added appeal for tenants. A solid investment opportunity offering stable cash flow with potential for future growth.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,650,000
Property Type:
Commercial
City:
Grand Forks
Garage Spaces:
0
County:
Grand Forks
Year Built:
1983
State:
ND
Property Style:
Other
Zip Code:
58201
Subdivision Name:
Landeco Add
Interior
Flooring:
Carpet, See Remarks
Refrigerators:
One Per Unit
Appliances Included:
- Dishwasher
- Exhaust Fan
- Microwave
- Range
- Refrigerator
Basement Details:
None
Exterior
Stories:
Three Or More
Garage Spaces:
0
Air Conditioning:
Wall Unit(s)
Foundation Size:
7,373 ft2
Foundation Dimensions:
44x157
Fencing:
None
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
- Detached Garage
- Parking Lot
- Paved Lot
Unit Amenities:
- Ceiling Fan(s)
- Deck
Exterior Material:
- Brick
- Concrete
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.97
Geolocation:
47.884628, -97.039104
Inclusions:
Building, Land, Leases
Lot Dimensions:
Irregular
Zoning:
Business/Commercial
Lot Description:
- Irregular Lot
- Property Adjoins Public Land
- Tree Coverage - Light
Schools
School District:
893
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$24,845
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$24,845
Units
Total Units:
29
Miscellaneous
Current Use:
Commercial
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of REAL (1531 FGO).
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.