For Sale
$429,990

804 Elk St Alexander, ND 58831

24-Unit Multifamily Complex, Updated

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 15,000-square-foot multifamily property in Alexander, North Dakota, presents a compelling investment opportunity. Located at 804 Elk St, 58831, this 1985-built apartment building comprises 24 units: 21 hotel-style rooms, two apartments, and a manager's suite. Recent renovations include a new roof, updated flooring throughout, modern kitchen cabinets and countertops, and renovated bathrooms, ensuring a turnkey operation. The property sits on a 0.723-acre lot and offers six convenient RV hookups. With its spacious layouts and recent upgrades, this property is ideal for companies seeking to provide cost-effective housing solutions for their workforce. The asking price is $429,990, translating to $28.67 per square foot. This well-maintained complex offers significant potential for return on investment in the thriving McKenzie County market. The property's versatility, combining hotel-style rooms and apartments, caters to a diverse range of occupants, maximizing rental income potential. Don't miss this chance to acquire a profitable and well-maintained multifamily asset in a growing North Dakota community.

Highlights

  • 15,000 SF Multifamily Property in Alexander, ND
  • 24 Units: 21 Hotel Rooms, 2 Apartments, Manager's Suite
  • Spacious Layouts
  • Recent Renovations: New Roof, Updated Flooring, Kitchens, & Bathrooms
  • 6 RV Hookups
  • Excellent Corporate Housing Opportunity

Property Details for 804 Elk St

Property type
Hospitality properties, Apartment buildings
Square Feet
15,000 SF
Year Built
1985
Lot Size (sq. ft)
31,494 SF
Units
24

Location Insight

City
Alexander
County
McKenzie
State
North Dakota
Latitude
47.8410851
Longitude
-103.6427772

FAQs

What type of property is this?
Hospitality property - 24-Unit Multifamily Complex, Updated
Where is the hospitality property located?
The property is located at 804 Elk St Alexander, ND.
What is the asking price?
The asking price for this property is $429,990.
What are key features of this property?
This property features: 15,000 SF Multifamily Property in Alexander, ND; 24 Units: 21 Hotel Rooms, 2 Apartments, Manager's Suite; Spacious Layouts
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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804 Elk St
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