For Sale
$235,000

630 10Th StMoorhead, MN 56560

Six-unit apartment building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional value-add investment opportunity presents a six-unit apartment building located at 630 10th St N in Moorhead, Minnesota, 56560. Built in 1965, this two-story building offers a compelling mix of units, including a spacious four-bedroom, two-bathroom unit with a garage, and five one-bedroom units. The property boasts a strong current cash flow, with a consistently high occupancy rate. The asking price is $235,000, representing an attractive 8.09% capitalization rate based on a net operating income (NOI) of $19,000. Its prime location near schools, shopping, and the vibrant downtown areas of both Moorhead and Fargo makes it highly desirable for tenants. This property presents a significant opportunity for an investor seeking a strong return on investment with potential for further value enhancement. The building consists of one structure with a total of six units. This is a multifamily investment property classified as a value-add opportunity. The property's strong performance and strategic location make it an ideal addition to any investment portfolio. Serious inquiries are encouraged to explore this promising investment prospect further.

Highlights

  • Six-unit multifamily property located at 630 10th St N, Moorhead, MN 56560.
  • Built in 1965, the two-story building features a mix of unit sizes, including a four-bedroom, two-bathroom unit with a garage, and five one-bedroom units.
  • Strong current cash flow and high occupancy rate.
  • Asking price: $235,000, offering an 8.09% capitalization rate based on a $19,000 NOI.
  • Prime location near schools, shopping, and downtown Moorhead/Fargo.
  • Value-add opportunity with potential for increased returns.

Property Details for 630 10Th St

Property type
Apartment buildings
Year Built
1965
Buildings
1
Stories
2
Units
6

Location Insight

City
Moorhead
County
Clay
State
Minnesota
Latitude
46.882496
Longitude
-96.763989
630 10Th St, Moorhead, Minnesota

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630 10Th St
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