Eight-Unit Residential Portfolio | Crosby, ND 58730
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Eight-Unit Residential Portfolio
Crosby, ND 58730
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Eight-unit residential portfolio across two fully leased four-plex buildings in Southeast Crosby, offering stable income and low maintenance.
- Excellent location off Route 5 near restaurants, schools, and community amenities, conveniently located near North Dakota's oil industry corridor.
- Area demographics support investment strength with nearly 1,000 residents within 5 miles earning over $102,000 in average household income annually.
- Each 1,200-square-foot unit features three beds, two baths, in-unit laundry, individual metering, and minimal shared space for enhanced privacy.
- Strong rental history with $72,000 in gross annual rents, offering a 9.24% cap rate and 9.20% cash-on-cash return for income-focused investors.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Basement
- Family Room
- Vinyl Flooring
SITE AMENITIES
- Laundry Service
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 8 | - | 1,200 |
PROPERTY TAXES
| Parcel Number | 34-0000-78130-005 | Improvements Assessment | $83,750 |
| Land Assessment | $7,000 | Total Assessment | $90,750 |
PROPERTY TAXES
Parcel Number
34-0000-78130-005
Land Assessment
$7,000
Improvements Assessment
$83,750
Total Assessment
$90,750
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