Have you heard of a "Cash Cow" or a "Goose that lays golden eggs"?! This might be what one looks like...take a look and see what you think! Currently 100% occupied and generating an excellent internal rate of return and capitalization rate. This 14 unit one level complex with partial basement includes 4 two bedroom units and 10 one bedroom units and is situated on an easily accessible half acre C2 zoned commercial lot just off South Broadway. The commercial site value alone is worth the price!! A strong cash flow combined with future commercial value potential provides for a rock solid investment opportunity!! The property is located directly behind Captains Cove Restaurant off Broadway, adjacent to Taco Johns, and across the avenue from the Cenex Gas Station & Convenience Store.
Off market
$483,100
1730 1st St SW, Minot, ND 58701
18beds
14baths
5,120sqft
Other
Built in 1945
-- sqft lot
$483,100 Zestimate®
$94/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 07, 2022 at 02:20pm
Listed by:
DELYNN WEISHAAR 701-833-7477,
BROKERS 12, INC.
Source: Minot MLS,MLS#: 212320
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 14
Heating
- Natural Gas, Electric, Hot Water
Appliances
- Included: Refrigerator, Range/Oven
Features
- Basement: Finished,Partial
- Has fireplace: No
Interior area
- Total structure area: 5,120
- Total interior livable area: 5,120 sqft
Property
Parking
- Parking features: No Garage, Driveway: Paved
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.52 Acres
- Dimensions: 180 x 126.5
Details
- Parcel number: MI25.165.010.0050
- Zoning: C2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Other
Materials
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1945
Utilities & green energy
- Sewer: City
- Water: City
Community & neighborhood
Location
- Region: Minot
HOA & financial
Other financial information
- Total actual rent: 66140