For Sale
$445,000

202 5Th StGlen Ullin, ND 58631

13-Unit Building, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
113
This well-maintained, 13-unit apartment building presents a compelling investment opportunity in Glen Ullin, North Dakota. Located at 202 5th St, this single-story, 1962-built property sits on a 0.65-acre lot and is zoned for commercial use. Currently, thirteen units are available, with one currently used as a shared laundry facility. This laundry facility could easily be relocated to existing storage space, creating an additional rental unit. Adding to the income potential, two units are successfully operated as short-term rentals, catering to seasonal workers and travelers. The building boasts various updates and amenities, attracting both long-term and short-term tenants. This property offers a strong net operating income (NOI) and flexibility in rental options, ensuring stable cash flow and potential for growth. The high demand for housing from seasonal workers in the area further enhances the investment appeal. This is a unique chance to acquire a profitable multifamily property in a growing market. The property's location in Morton County, zip code 58631, provides easy access to local amenities and services. This turnkey operation is ready for a new owner to capitalize on its existing success and further expand its potential.

Highlights

  • 13-unit apartment building in Glen Ullin, ND, offering strong NOI and flexible rental options for stable cash flow.
  • Located at 202 5th St on a 0.65-acre commercially zoned lot.
  • Built in 1962, single-story building with 12 tenant units and one laundry facility (convertible to an additional unit).
  • Two units currently operate as short-term rentals, catering to seasonal workers.
  • Turnkey operation in high-demand market with potential for growth.

Property Details for 202 5Th St

Property type
Apartment buildings
Year Built
1962
Buildings
1
Stories
1
Lot Size (sq. ft)
28,314 SF
Units
13

Location Insight

City
Glen Ullin
County
Morton
State
North Dakota
Latitude
46.814387174848
Longitude
-101.83595078164
202 5Th St, Glen Ullin, North Dakota

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202 5Th St
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