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1001 Grimms Rd 3 Unit Apartment Building $279,000 ($93,000/Unit) Bottineau, ND 58318
Investment Highlights
- 3 Apartments on upper floor
- Detached 2 car garage
- 1- 2 bedroom unit, 1- 1 bedroom unit, 1- 1 bedroom efficiency unit
- Lower floor is very large shop/storage/possible business area
- Large 2 truck garage/storage area attached to lower floor
Executive Summary
1001 Grimms Road presents an opportunity to acquire a multifamily investment property with additional income and operational flexibility in Bottineau, North Dakota. The property consists of three residential apartment units situated above a substantial lower-level workshop and storage area, creating a unique combination of residential and utility space that may appeal to buyers seeking diversified use potential.
Property Facts
| Price | $279,000 | Building Class | C |
| Price Per Unit | $93,000 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 5,792 SF |
| No. Units | 3 | Average Occupancy | 2% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1975 |
| Price | $279,000 |
| Price Per Unit | $93,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 5,792 SF |
| Average Occupancy | 2% |
| No. Stories | 2 |
| Year Built | 1975 |
Amenities
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+3 | 3 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 52-0045-01299-000 | Improvements Assessment | $61,600 |
| Land Assessment | $11,900 | Total Assessment | $73,500 |
Property Taxes
Parcel Number
52-0045-01299-000
Land Assessment
$11,900
Improvements Assessment
$61,600
Total Assessment
$73,500
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