For Sale
$5,925,000

5180 Lincoln Rd Lincoln, ND 58504

36-Unit Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 36-unit apartment building, situated on 2.76 acres at 5180 Lincoln Road in Lincoln, ND, presents a compelling investment opportunity. Built in 2014, this three-story structure boasts 45,507 square feet of living space, featuring individual garages for each of its 36 units. The property benefits from a prime location, just minutes from Bismarck's Kirkwood Mall, along a high-traffic corridor. Modern amenities include in-unit washers and dryers, electric heat measured per unit, wall AC units, and a comprehensive security system encompassing cameras, a DVR system, and an auto door lock system with call units in each apartment. Further enhancing safety and security, the building is fully equipped with a fire alarm and sprinkler system. The property's APN is CL-138-80-75-01-020. With existing leases in place, this new construction offers immediate income potential and a strong foundation for long-term growth. The asking price for this turnkey investment is $5,925,000. This property represents a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable location.

Highlights

  • 3-Story, 36-Unit Apartment Building with Attached Garages
  • Year Built: 2014
  • Excellent Multifamily Investment Opportunity near Bismarck, ND
  • Located West of Cenex on Lincoln Road

Property Details for 5180 Lincoln Rd

Property type
NNN properties, 1031 exchange properties
Square Feet
45,507 SF
Year Built
2014
Buildings
1
Stories
3
Lot Size (sq. ft)
120,226 SF
Units
36

Location Insight

City
Lincoln
County
Burleigh
State
North Dakota
Latitude
46.765502
Longitude
-100.7108605

FAQs

What type of property is this?
NNN property - 36-Unit Multifamily Investment
Where is the nnn property located?
The property is located at 5180 Lincoln Rd Lincoln, ND.
What is the asking price?
The asking price for this property is $5,925,000.
What are key features of this property?
This property features: 3-Story, 36-Unit Apartment Building with Attached Garages; Year Built: 2014; Excellent Multifamily Investment Opportunity near Bismarck, ND
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].
5180 Lincoln Rd
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