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1003 2nd St 24 Unit Apartment Building $1,250,000 ($52,083/Unit) 6.96% Cap Rate Crosby, ND 58730
Investment Highlights
- 100% occupancy
- Detached garages
- Laundry facilities
Executive Summary
This well-maintained, fully leased 24-unit multifamily property comprises two 12-unit buildings that offer spacious floor plans, modern construction, and dependable operational performance. Built in 2012, the asset has benefited from consistent upkeep, including a roof replacement in 2018, which supports long-term durability and minimizes future capital expenditure needs.
Both buildings feature on-site laundry facilities and garages. With historically low vacancy and stable performance, this property represents an attractive, fully stabilized investment opportunity in the Crosby rental market.
Both buildings feature on-site laundry facilities and garages. With historically low vacancy and stable performance, this property represents an attractive, fully stabilized investment opportunity in the Crosby rental market.
Property Facts
| Price | $1,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $52,083 | Lot Size | 1.47 AC |
| Sale Type | Investment | Building Size | 30,248 SF |
| Cap Rate | 6.96% | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2012 |
| Property Subtype | Apartment |
| Price | $1,250,000 |
| Price Per Unit | $52,083 |
| Sale Type | Investment |
| Cap Rate | 6.96% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 1.47 AC |
| Building Size | 30,248 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2012 |
Amenities
Site Amenities
- Laundry Facilities
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Property Taxes
| Parcel Number | 34-0000-78140-003 | Improvements Assessment | $312,150 |
| Land Assessment | $9,450 | Total Assessment | $321,600 |
Property Taxes
Parcel Number
34-0000-78140-003
Land Assessment
$9,450
Improvements Assessment
$312,150
Total Assessment
$321,600
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1003 2nd St
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