217 Chestnut StGrand Forks, ND 58201

This well-maintained, 8-unit apartment building located at 217 Chestnut St, Grand Forks, ND 58201, presents a compelling investment opportunity. The property boasts a strong 6.45% capitalization rate and a current NOI of $86,718, with 100% occupancy projected until November 14, 2024. The building is a two-story Class B multifamily property, featuring a mix of one, one-and-a-half, and three-bathroom units. Significant renovations were completed in 2016, 2018, and 2022, ensuring the property is in excellent condition and ready for immediate income generation. The asking price is $1,345,000. The property's historical character has been preserved while incorporating modern updates, creating a desirable living environment for tenants. Detailed information is available in the attached brochure. This is a rare opportunity to acquire a stable, high-performing multifamily asset in a growing market. The property is being offered for sale by owner. This is a turnkey investment, ideal for an experienced investor seeking a strong return on investment. The property's location in Grand Forks, North Dakota provides access to a stable rental market. Don't miss this chance to add a valuable asset to your portfolio.