630 10Th StMoorhead, MN 56560
- Apartment buildings
Property Details for 630 10Th St
- Year built
- 1965
- Property type
- Apartment buildings
Description
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.
Location Insight
- City
- Moorhead
- County
- Clay
- State
- Minnesota
- Latitude
- 46.8825
- Longitude
- -96.764
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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