• 5302 51st Ave S, Suite B - Fargo, ND 58104
  • 701-566-7080
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$1,300,000
1038 Main Street E
Valley City, ND 58072
MLS# 4013173
Status: Closed
15360 sqft
Greystone Front
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Greystone Front Greystone Aerial other-05230 other-05277 other-05284 other-05222 other-05241 other-05245 other-05249 other-05253 other-05257 other-05289 other-05294 other-05270 other-05227 other-05238

Property Description
Exceptional Investment Opportunity in Valley City, ND Welcome to 1038 Main St E, a fully occupied apartment complex offering a remarkable investment opportunity in the scenic community of Valley City. This property boasts 16 slab on grade 2-bedroom, 1.5-bathroom units, each spanning 960 square feet of comfortable living space. Key Features: Spacious Units: Each apartment features a generous layout with modern amenities and an attached 1-stall garage, providing convenience and security for all residents. Modern Comforts: Each unit has individual natural gas forced air heating, central air conditioning, and in-unit laundry facilities, ensuring year-round comfort and ease. Accessibility: Designed with accessibility in mind, all units are slab on grade with no steps, offering seamless movement throughout the space. Nestled in a prime location, these apartments are a stone's throw away from local attractions, shopping, and dining, making it an attractive option for potential renters. The property's full occupancy speaks volumes about its desirability and the quality of living it provides. You'll appreciate the turnkey nature of this complex, with a strong rental history and a community that tenants are proud to call home. Don't miss out on the chance to own a piece of Valley City's rental market Call today to view.

Details
Maps
Contract Information
List Price/SqFt: 84.64
Sold Price/SqFt: 84.64
Sold Price: $1,300,000
Current Price: $1,300,000
Date Listed: 2024-04-29
Remarks
Public Remarks: Exceptional Investment Opportunity in Valley City, ND Welcome to 1038 Main St E, a fully occupied apartment complex offering a remarkable investment opportunity in the scenic community of Valley City. This property boasts 16 slab on grade 2-bedroom, 1.5-bathroom units, each spanning 960 square feet of comfortable living space. Key Features: Spacious Units: Each apartment features a generous layout with modern amenities and an attached 1-stall garage, providing convenience and security for all residents. Modern Comforts: Each unit has individual natural gas forced air heating, central air conditioning, and in-unit laundry facilities, ensuring year-round comfort and ease. Accessibility: Designed with accessibility in mind, all units are slab on grade with no steps, offering seamless movement throughout the space. Nestled in a prime location, these apartments are a stone's throw away from local attractions, shopping, and dining, making it an attractive option for potential renters. The property's full occupancy speaks volumes about its desirability and the quality of living it provides. You'll appreciate the turnkey nature of this complex, with a strong rental history and a community that tenants are proud to call home. Don't miss out on the chance to own a piece of Valley City's rental market Call today to view.
Location
Sub Area: Valley City SE
Street Number: 1038
Street Name: Main
Street Type: Street
Street Direction Sfx: E
Area: Valley City
State: ND
Zip Code: 58072
County: Barnes
Legal, Tax and Other Information
Taxes: 18060.58
Tax Year: 2023
Specials Installment: 0
Specials Balance: 0
Pending Specials: No
Zoning: B-1 - CENTRAL BUSINESS
Parcel ID: 633110288
Legal Description: MORRISONS ADD TO VALLEY CITY LOTS 12 - 18 BLOCK 2
General Property Information
Lot SqFt: 52489.8
Lot Acres: 1.205
Lot Dimensions: 1.205 acres
Total Unfinished SqFt: 0
Finished Above Grade SqFt: 15360
Finished Below Grade SqFt: 0
Garage: Yes
Garage Spaces: 16
Accessibility Features: No
Fee: No
Property Sub Type: Multi Family
Year Built: 2001
Total Finished SqFt: 15360
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water Connected: 1
Trash Pickup - Public: 1
Business Type
Other: 1
Basement
None: 1
Building Info
Laundry Room: 1
Roof
Shingle: 1
Cooling
Central Air: 1
Heating
Forced Air: 1
Natural Gas: 1
Architectural Style
Main Floor Unit: 1
Patio Home/Slab on Grade: 1
Construction Materials
Concrete: 1
Levels
One: 1
Flooring
Carpet: 1
Vinyl: 1
Foundation
Slab: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Exterior Features
Rain Gutters: 1
Fencing
None: 1
Electric
Circuit Breakers: 1
Patio And Porch Features
# of Patios: 16
Lot Features
Lot - Owned: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
Garage Dimensions: 264 sq ft
Concrete: 1
Off Street: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Tenant Pays
Electricity: 1
Heating: 1
Included
Dryer: 1
Oven: 1
Refrigerator: 1
Washer: 1
Amenities
Ground Floor Unit: 1
No Pets Allowed: 1
Status Change Info
Status: Closed
Under Contract Date: 2024-06-26
Sold Date: 2024-12-30
Sold Price: $1,300,000
Property Features
Business Type: Other
Building Info: Laundry Room
Cooling: Central Air
Heating: Forced Air; Natural Gas
Construction Materials: Concrete
Roof: Shingle
Architectural Style: Main Floor Unit; Patio Home/Slab on Grade
Levels: One
Flooring: Carpet; Vinyl
Foundation: Slab
Basement: None
Exterior Features: Rain Gutters
Fencing: None
Electric: Circuit Breakers
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Trash Pickup - Public
Tenant Pays: Electricity; Heating
Included: Dryer; Oven; Refrigerator; Washer
Road Frontage Type: City Street
Road Surface Type: Asphalt
Amenities: Ground Floor Unit; No Pets Allowed
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Lot Features: Lot - Owned
Parking Features: Concrete; Off Street
Listing Office: RE/MAX Now - VC

Office Phone: 701-845-0782

Last Updated: December - 31 - 2024

Information deemed reliable but not guaranteed.

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