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201 3rd Street, New Salem, ND 58563

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For Sale

$515,000

12 beds • 13 baths • 1 half baths • 8,784 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family Home
    Property type

  • 1971
    Year built

  • $58.63
    Price per square foot

Explore this Property

What an EXCELLENT opportunity to purchase a quality, well built, WELL MAINTAINED, fully rented 13-plex investment property just 25 miles west of Mandan. Monthly income is $7,700 increasing to $7,850/mo in June, crushing the 1 percent rule! This property includes an ADDITIONAL HALF ACRE of land for potential future development as well. In the last 10 years the updates have been numerous: All new windows, gutters, exterior doors, two hot water heaters and attic insulation was added. Maybe most significantly, a huge investment has been made with a new concrete parking lot and sidewalks all around the property. All units are fully rented. The 13th unit is a VERY large studio that used to be used for community gatherings. This bathroom in the 13th unit has just finished undergoing a bathroom upgrade. Management company recommendations are available upon request. Property includes a coin operated laundry and a shed. Buyer to verify all information. Please contact your favorite REALTOR today to take a look!
MLS# 4013061

Listed By CENTURY 21 Morrison Realty

Property Features

  • Appliances
    Dryer, Range / Oven, Refrigerator, Washer
  • Basement
    None
  • Cooling
    Other A/C
  • Exterior Description
    Brick
  • Lot Description
    Level
  • Lot Size
    1.12 Acres
  • Sewer
    Public
  • Style
    Other Style
  • Water
    Municipal Water

Map and Directions

Directions to 201 3rd Street, New Salem, ND 58563

Home seller CENTURY 21 Morrison Realty

Get to know the neighborhood. A local affiliated CENTURY 21 team will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Morrison Realty

Laura Gardner - Lic #: 9764
Will Gardner - Lic #: 9271

(701) 223-6654
Learn More About Us

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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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