209 2nd St SE, Belfield ND
This 8-unit multifamily investment property in Belfield, North Dakota presents an excellent opportunity for investors seeking strong cash flow and long-term value. The 9,800 SF building is situated on a 17,500 SF (0.401-acre) lot and offers an attractive 8.08% CAP rate.
The property features a desirable unit mix of four 2-bedroom, 2-bath apartments and four 3-bedroom, 2-bath apartments, appealing to a wide range of tenants. Each unit is equipped with in-unit washers and dryers, individually metered water and electric service, baseboard heat, and its own hot water heater, helping reduce landlord utility expenses and simplify property management.
Additional amenities include eight single-stall garages and onsite parking, providing convenience for residents. With spacious floor plans, tenant-friendly features, and separately metered utilities, this multifamily asset offers investors a well-positioned opportunity in the western North Dakota market.
209 2nd St SE, Belfield ND
This 8-unit multifamily investment property in Belfield, North Dakota presents an excellent opportunity for investors seeking strong cash flow and long-term value. The 9,800 SF building is situated on a 17,500 SF (0.401-acre) lot and offers an attractive 8.08% CAP rate.
The property features a desirable unit mix of four 2-bedroom, 2-bath apartments and four 3-bedroom, 2-bath apartments, appealing to a wide range of tenants. Each unit is equipped with in-unit washers and dryers, individually metered water and electric service, baseboard heat, and its own hot water heater, helping reduce landlord utility expenses and simplify property management.
Additional amenities include eight single-stall garages and onsite parking, providing convenience for residents. With spacious floor plans, tenant-friendly features, and separately metered utilities, this multifamily asset offers investors a well-positioned opportunity in the western North Dakota market.
Additional Information
• CAP: 8.08%
• 2 Bed, 2 Bath, (4) units
• 3 Bed, 2 Bah, (4) units
• 8 Garages, single stall
• Onsite parking
• Units separately metered for water and electric
• Washer and dryers in unit
• Baseboard heat
• Individual hot water heaters in each unit
Gallery
The Details
Tax ID: 46-0001-06369-000
Legal: L 8-12 B 38 OP LOTS 25 X 140 EACH
Building Size: 9,800 SF
Price: $799,000.00
Lot Size: 17,500 SF (0.401 Acres)