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220 Church St 6 Unit Apartment Building $120,000 ($20,000/Unit) Flasher, ND 58535
Investment Highlights
- Six one-bedroom units with efficient, functional floor plans that appeal to local workforce renters.
- Common area amenities including a gathering space, 3/4 bathroom, and coin-operated laundry that add convenience and potential ancillary income.
- Well-maintained grounds supported by a built-in lawn sprinkler system for ease of upkeep.
- Fully equipped apartments including ranges, refrigerators, microwaves, and wall AC units, providing turnkey functionality for tenants.
- Off-street parking with individual switched outlets at each stall, ideal for North Dakota winters and tenant satisfaction.
Executive Summary
Great investment opportunity with this 6-unit Apartment building in Flasher, ND. There is a common area and 6 one bedroom apartments. All apartments have ranges, refrigerators, microwaves, and wall ac units. Apartments 1,3,5 have a common floor plan, and apartments 2,4,6 floor plans are mirror images. The common area has a space for gatherings, a 3/4 bathroom, and a coin operated laundry for tenant use. Each apartment has a switched outlet to plug their vehicle in at an off-street parking space. There is a sprinkler system for lawn watering. There is currently one tenant. The rent is $450 per month. The landlord pays all utilities. Flasher is 40 minutes to Mandan.
Property Facts
| Price | $120,000 | Building Class | C |
| Price Per Unit | $20,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,077 SF |
| No. Units | 6 | Average Occupancy | 17% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1981 |
| Apartment Style | Low-Rise | ||
| Zoning | Commercial | ||
| Price | $120,000 |
| Price Per Unit | $20,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,077 SF |
| Average Occupancy | 17% |
| No. Stories | 1 |
| Year Built | 1981 |
| Zoning | Commercial |
Amenities
Unit Amenities
- Microwave
- Refrigerator
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Car Charging Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 679 |
1 1
Property Taxes
| Parcel Number | 62-0153000 | Improvements Assessment | $92,950 |
| Land Assessment | $4,950 | Total Assessment | $97,900 |
Property Taxes
Parcel Number
62-0153000
Land Assessment
$4,950
Improvements Assessment
$92,950
Total Assessment
$97,900
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220 Church St
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