114 8th Ave SE - Apartments FOR SALE


Mayville, ND 58257
$1,000,000 USD
701-330-5690
114 8th Ave SE, Mayville, ND for Sale
$1,000,000 USD
Apartments - FOR SALE
1/28
null | 5.19% Cap Rate

114 8th Ave SE
Mayville, ND 58257


HIGHLIGHTS

  • Room to build, lot next door included
  • Private entrance, affordable townhome style rentals...in a college town
  • Townhome style private entrance with laundry and grages

OVERVIEW

Exceptional Investment Opportunity in Mayville, ND! Mayville Townhomes - a well-maintained 10-unit townhome complex in a thriving rental market. This property boasts 100% occupancy, strong tenant retention, and an impressive NOI. Many upgrades, both in-unit and some capital improvements. Spacious 2 bed townhome offer a bi-level layout, garages, and private entrance. Prime Location: Conveniently located near Mayville State University, ensuring consistent income and minimal vacancy. Invest with confidence: Proven income history, strong local demand, and potential for rent growth make this property an ideal choice for seasoned investors or first-time multifamily buyers. Best of all...AMPLE space to build, nearly 3/4 of an acre of possibilities. Contact us today to schedule a private tour and receive full financials. 3-year financial history available with signed NDA. Showings case by case - vacant units avail for immediate access. Serious buyers will have an opportunity to see occupied units at a TBD date. Text or email preferred: 701-330-5690 or derek@truhomeproperties.com. Sq. ft. and lot dimensions are est., please verify. Pkg opportunity with 15-unit MFH in Crookston, MN. Inquire for details.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$56 USD /SF

# OF UNITS

10

PRICE/UNIT

$100,000

CAP RATE

5.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mayville Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

2

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,164 SF

ZONING

-

APN/PARCEL ID

27001900006000

ASK ABOUT THIS PROPERTY

Derek NolteTruHome RealtyMore Info
701-330-5690

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Derek NolteTruHome RealtyMore Info
701-330-5690

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.