504 3Rd AveWahpeton, ND 58075

Property Details for 504 3Rd Ave

Year built

1967

Lot size

0.18 AC

Property size (Sq ft)

8,000 SF

Property type

Apartment buildings

Description

This exceptional 8,000 square foot, 17-unit apartment building located at 504 3rd Avenue N in Wahpeton, North Dakota, represents a compelling investment opportunity. Currently boasting 100% occupancy, this low-rise property generates immediate and substantial rental income. The unit mix includes a combination of one- and two-bedroom apartments, providing a diverse tenant base and consistent cash flow. A proven rental history underscores the property's strong performance and stability in the Wahpeton market. The building sits on a 0.18-acre lot, and importantly, the sale includes an adjacent parcel of land, providing ample off-street parking for residents. This valuable amenity enhances tenant satisfaction and contributes to the property's overall appeal. The asking price for this fully occupied, income-producing asset is $849,900. This presents a rare chance to acquire a well-maintained, high-performing multifamily property with significant potential for long-term appreciation and growth in a desirable North Dakota location. The combination of full occupancy, convenient parking, and a proven track record makes this an attractive investment for discerning buyers seeking immediate returns and future upside. Serious inquiries are encouraged.

Location Insight

City

Wahpeton

County

Richland

State

North Dakota

Latitude

46.2662

Longitude

-96.6073

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