5180 Lincoln RdLincoln, ND 58504

Property Details for 5180 Lincoln Rd

Year built

2014

Lot size

2.76 AC

Property size (Sq ft)

45,507 SF

Property type

NNN properties

Property subtype

1031 exchange properties

Description

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.

Location Insight

City

Lincoln

County

Burleigh

State

North Dakota

Latitude

46.7655

Longitude

-100.711

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