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1730 1st St. SW

Minot, ND 58701
  • $395,000
  • STATUS: Active
  • ON SITE: 4 Days
  • MLS #: 212320
New On Site 4 Days Ago
UPDATED: 63 min ago
$395,000
  • 18
    BEDS
  • 0.52
    ACRES
  • 14
    BATHS
  • 0
    1/2 BATHS
  • 5,120
    SQFT
  • $77
    $/SQFT
Neighborhood:
Sw
Type:
Multi-Family
Built:
1945
County:
Area:
Sw

School Ratings & Info

School District:

Description

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.

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© 2021 Minot Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Signal Realty. Data last updated: 2021-11-29T17:50:31.493.
www.minothomesearch.com/homes/123556397
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1730 1st St. SW Minot, ND 58701

  • Price: $395,000
  • Status: Active
  • On Site: 4 Days
  • Updated: 63 min ago
  • MLS #: 212320
18
Beds
14
Baths
0
½ Baths
0.52
Acres
5,120
SQFT
$77
$/SQFT
1945
Built
Neighborhood:
Sw
County:
Ward
Area:
Sw
School District:
Minot #1
Property Description
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.
Exterior Features

Driveway Paved Foundation Concrete Garage1 None Garage2 None Lot Size 180 X 126.5

Interior Features

Appliances RefrigeratorRange/Oven Basement FinishedPartial Basement Heat Natural GasElectricHot Water Number Of Fireplaces 0 Sq Ft Above Ground 3001+

Property Features

Annual Rent Income $66140 City Limits YN Yes Flooded No Foreclosure No Insurance Exp $ 1500 Maintenance Exp $ 1000 Management Exp $ 500 Other1 Expense $16800 Sale Rent For Sale Sewer City Short Sale YN No Style 1 Tax Year 2020 Taxes 4304 Taxes Exp $ 4304 Type Other Water City Zoning C2

Listing information © 2021 Minot Board of Realtors.
Listing provided courtesy of Brokers 12, Inc..


© 2021 Minot Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Signal Realty. Data last updated: 2021-11-29T17:50:31.493.
 
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Signal Realty
1541 S. Broadway
Minot ND, 58701