518 4Th StJamestown, ND 58401

Property Details for 518 4Th St

Property type

Commercial real estate

APN

74-3463580

APU

743463580

Description

This exceptional investment opportunity presents a stabilized, 36-unit apartment building portfolio located in Jamestown, North Dakota. The property consists of seven well-maintained, low-rise garden-style buildings; five four-plexes and two eight-plexes, all situated on a desirable site. Currently boasting 100% occupancy, this Class C multifamily asset offers a compelling 9% capitalization rate and an asking price of $2,100,000, translating to approximately $58,333 per unit. The spacious and modern units are designed for comfortable living, contributing to the historically high occupancy rate. The property's prime location within Jamestown ensures strong rental demand and provides investors with a stable foundation for long-term returns. This is an ideal acquisition for those seeking a well-positioned, multifamily investment in a thriving North Dakota market. The buildings are privately owned and represent a turnkey opportunity for immediate income generation. The property's strong performance history and attractive financial metrics make it a highly desirable investment prospect. This is a rare opportunity to acquire a portfolio of this size and quality in a desirable location. The property's low-rise design and well-maintained condition further enhance its appeal to both investors and residents.

Location Insight

City

Jamestown

County

Stutsman

State

North Dakota

Latitude

46.9052

Longitude

-98.717

CBSA code

27420

CBSA name

JAMESTOWN, ND MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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