114-132 8TH Avenue SE, Mayville, ND 58257 (MLS# 25-280)

114-132 8TH Avenue SE, Mayville, ND 58257

$1,000,000

Property Type: MultiFamily Bedrooms: 20 Baths: 10 Square Footage: 10,266 Lot Size (sq. ft.): 53,058 Status: Closed

Current Price: $1,000,000 List Date: 3/14/2025 Last Modified: 6/09/2025

Overview

Description

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.

Supplements: 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, nearl ... (Read more)

Listing Details MLS# 25-280

General Property Information

Property Subtype: Multi Family
Realtor.COM Type: Multi-Family
Total SqFt.: 10266
Above Ground SQFT: 10266
Total Bedrooms: 20
Total Bathrooms: 10
Garage Type: Detached
Garage Stalls: 10
Year Built: 1982
Lot Size Dimensions: 285x186
Lot SqFt: 53058
Waterfront: No
Below Ground SQFT: 0

Property Features

Levels: Two Heating: Electric Baseboard

Location Tax and Legal Information

Area: Small Town ND
House Number: 114-132
Street Name: 8TH
Street Suffix: Avenue
Street Direction Sfx: SE
State/Province: ND
Country: USA
Postal Code: 58257
County: Traill
Zoning: A-1 Limited Development

Confidential Information

Begin Date: 2025-03-14
Under Contract Date: 2025-04-30
Sold Date: 2025-06-09

Income

Gross Income: 77821
Gross Scheduled Income: 6,788
# Units: 10
Vacancy Percent: No

More Information

Expenses

Tax and Specials Exp Information: 7,552.94
Electricity Expense Add'l Info: 135
Insurance Expense Add'l Info: 7327.50
Management Expense Add'l Info: 10,138
Water/Sewer Expense Add'l Info: 1,294

Inclusions

# Air Conditioners: 10
# Dishwashers: 10
# Ranges: 10
# Refrigerators: 10

Miscellaneous

Laundry: In Unit

Showing Instructions

Showing Service: None

Location, Tax and Legal Information

Tax Year: 2024
Pend+Proposed Spec: 0
Taxes: 7824.49
Flood Plain: Contact Lender
Parcel Number: 27001900006000
Specials Amount: 3,558.50
Total Tax & Specials: 11112
Specials Unpaid: 58187
Legal: LOT 2 BLK 5 REPLAT OF LARSON ADD

Levels

Two: Yes

Heating

Electric Baseboard: Yes

Documents

Sellers Property Disclosure ›

Property Taxes ›

Listing Office: TruHome Realty

Last Updated: June - 09 - 2025

Information deemed reliable but not guaranteed.