1193 14Th StDickinson, ND 58601

Property Details for 1193 14Th St

Year built

2012

Lot size

1.38 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 40-unit apartment building, located at 1193 14th St W in Dickinson, North Dakota, presents a compelling investment opportunity. Built in 2012, the property boasts a desirable location in Stark County, zip code 58601, and sits on a spacious 1.38-acre lot. Currently operating at 100% occupancy, this multifamily asset offers a strong, stable income stream. The asking price is $3,000,000, translating to an attractive $75,000 per unit. With a 7.5% capitalization rate, this property promises significant returns on investment. Ample parking is provided with 70 spaces, offering a comfortable 1.8 spaces per unit for residents. The property's modern construction and high occupancy rate make it an ideal addition to any portfolio seeking consistent cash flow and long-term appreciation potential in a thriving North Dakota market. The property's prime location in Dickinson offers easy access to local amenities and services. This is a rare opportunity to acquire a well-maintained, high-performing apartment building in a growing community. Detailed financial statements and property information are available upon request.

Location Insight

City

Dickinson

County

Stark

State

North Dakota

Latitude

46.897

Longitude

-102.802

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