For Sale
$3,000,000

1193 14Th StDickinson, ND 58601

40 Units, 7.5% Cap Rate, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 40-unit apartment building, located at 1193 14th St W in Dickinson, North Dakota, presents a compelling investment opportunity. Built in 2012, the property boasts a desirable location in Stark County, zip code 58601, and sits on a spacious 1.38-acre lot. Currently operating at 100% occupancy, this multifamily asset offers a strong, stable income stream. The asking price is $3,000,000, translating to an attractive $75,000 per unit. With a 7.5% capitalization rate, this property promises significant returns on investment. Ample parking is provided with 70 spaces, offering a comfortable 1.8 spaces per unit for residents. The property's modern construction and high occupancy rate make it an ideal addition to any portfolio seeking consistent cash flow and long-term appreciation potential in a thriving North Dakota market. The property's prime location in Dickinson offers easy access to local amenities and services. This is a rare opportunity to acquire a well-maintained, high-performing apartment building in a growing community. Detailed financial statements and property information are available upon request.

Highlights

  • 40-unit multifamily property.
  • 100% occupancy.
  • $3,000,000 asking price, representing $75,000 per unit.
  • 7.5% capitalization rate.
  • 1.38-acre site.
  • Built in 2012.

Property Details for 1193 14Th St

Property type
Apartment buildings
Year Built
2012
Lot Size (sq. ft)
60,113 SF
Units
40

Location Insight

City
Dickinson
County
Stark
State
North Dakota
Latitude
46.8970182
Longitude
-102.8018598
1193 14Th St, Dickinson, North Dakota

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1193 14Th St
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