1101 5TH Avenue SE, Devils Lake, ND 58301

$770,000
Property Type: MultiFamily Bedrooms: 47 Baths: 24 Square Footage: 23,100 Status: Closed
Current Price: $770,000 List Date: 10/08/2020 Last Modified: 8/29/2024

Overview

Description

Rare acquisition opportunity in Devils Lake. Larger, multi-family investments in this area have a low turn over making this a great find. The property consists of 24 units, 23 two-bedroom units and 1 one-bedroom unit, 12 garage stalls and on-site resident manager.

Listing Details MLS# 20-1861

General Property Information

Realtor.COM Type
Multi-Family
Total SqFt.
23100
Above Ground SQFT
23100
Total Bedrooms
47
Total Bathrooms
24
Garage Type
Detached
Garage Stalls
12
Garage Remarks
Detached
Year Built
1974
Lot Size Dimensions
1.14 acres
Below Ground SQFT
0

Property Features

Levels: Three Or More Heating: Gas Hot Water

Location Tax and Legal Information

Area
Devils Lake
House Number
1101
Street Name
5TH
Street Suffix
Avenue
Street Direction Sfx
SE
State/Province
ND
Country
USA
Postal Code
58301
County
Ramsey
Zoning
A-1 Limited Development

Confidential Information

Begin Date
2020-10-08
Under Contract Date
2021-09-17
Sold Date
2021-11-30

Income

Other Income
$2,940
Gross Scheduled Income
$141,480
# Units
24
Vacancy Percent
15.5

More Information

Expenses

Tax and Specials Exp Information
$10,057
Heat Expense Add'l Info
$10,520
Insurance Expense Add'l Info
$4,572
Maintenance Expense Add'l Info
$11,318
Management Expense Add'l Info
$13,431
Water/Sewer Expense Add'l Info
$11,113

Inclusions

# Dryers
2
# Ranges
24
# Refrigerators
24
# Washers
2

Miscellaneous

Laundry
yes

Location, Tax and Legal Information

Tax Year
2019
Taxes
10057.1
Flood Plain
Contact Lender
Parcel Number
39050100007000
Specials Amount
No
Total Tax & Specials
10057.10
Specials Unpaid
No
Legal
Lot 5, Blk 2 East Pitcher Park

Agent/Agency Information

Extra Agency Info
1,7

Levels

Three Or More
Yes

Heating

Gas Hot Water
Yes

Documents

Listing Office: Crary Real Estate
Last Updated: August - 29 - 2024
Information deemed reliable but not guaranteed.

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