For Sale
$2,100,000

518 4Th St Jamestown, ND 58401

36-Unit Apartment Building, 9% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a stabilized, 36-unit apartment building portfolio located in Jamestown, North Dakota. The property consists of seven well-maintained, low-rise garden-style buildings; five four-plexes and two eight-plexes, all situated on a desirable site. Currently boasting 100% occupancy, this Class C multifamily asset offers a compelling 9% capitalization rate and an asking price of $2,100,000, translating to approximately $58,333 per unit. The spacious and modern units are designed for comfortable living, contributing to the historically high occupancy rate. The property's prime location within Jamestown ensures strong rental demand and provides investors with a stable foundation for long-term returns. This is an ideal acquisition for those seeking a well-positioned, multifamily investment in a thriving North Dakota market. The buildings are privately owned and represent a turnkey opportunity for immediate income generation. The property's strong performance history and attractive financial metrics make it a highly desirable investment prospect. This is a rare opportunity to acquire a portfolio of this size and quality in a desirable location. The property's low-rise design and well-maintained condition further enhance its appeal to both investors and residents.

Highlights

  • $2,100,000 asking price for a stabilized multifamily investment.
  • 36-unit apartment building with a 9% cap rate.
  • Seven low-rise buildings (five 4-plexes and two 8-plexes).
  • 100% occupancy rate.
  • Prime Jamestown, ND location.

Property Details for 518 4Th St

Property type
Apartment buildings
Class
C
Buildings
7
Stories
2

Location Insight

City
Jamestown
County
Stutsman
State
North Dakota
Latitude
46.9052267
Longitude
-98.7174738

FAQs

What type of property is this?
Apartment building - 36-Unit Apartment Building, 9% Cap Rate
Where is the apartment building located?
The property is located at 518 4Th St Jamestown, ND.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: $2,100,000 asking price for a stabilized multifamily investment.; 36-unit apartment building with a 9% cap rate.; Seven low-rise buildings (five 4-plexes and two 8-plexes).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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518 4Th St
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