For Sale
$235,000

630 10Th St Moorhead, MN 56560

Six-unit apartment building, high ROI.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
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

FAQs

What type of property is this?
Apartment building - Six-unit apartment building, high ROI.
Where is the apartment building located?
The property is located at 630 10Th St Moorhead, MN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 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.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
630 10Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message