• 5302 51st Ave S, Suite B - Fargo, ND 58104
  • 701-566-7080
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$2,950,000
313 Interstate Avenue W
Bismarck, ND 58503
MLS# 4004297
Status: Closed
30440 sqft
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Property Description
This is a great investment opportunity! This building is being sold together with the adjacent building at 333 W Interstate Ave.(MLS# 4004298) In total, there are 40 units, and all but five of them have been completely redone in the last 2 years. New flooring, paint, appliances, etc! (There are 17 one bed/one bath, and 23 2 bed/one baths) (12 of the one-bedroom units have a second non-conforming bedroom) There are 8 sets of shared coin-op washers & dryers, and a security system with 20+cameras and keypad secured entrances. New roof on both buildings in 2018. All new decking and railings installed on building 333 in 2019. Financials available upon request to qualified buyers. Property is currently managed by Clooten Property Mgt and is fully stabilized, bringing in a combined total of $30k gross revenue per month. Buyer to verify square footage, taxes, specials, and lot dimensions.

Details
Maps
Contract Information
List Price/SqFt: 96.91
Sold Price/SqFt: 96.91
Price Type: Sale Only
Sold Price: $2,950,000
Current Price: $2,950,000
Date Listed: 2022-09-16
Remarks
Directions: Building is located on the SW corner of Washington St. and Interstate Ave.
Public Remarks: This is a great investment opportunity! This building is being sold together with the adjacent building at 333 W Interstate Ave.(MLS# 4004298) In total, there are 40 units, and all but five of them have been completely redone in the last 2 years. New flooring, paint, appliances, etc! (There are 17 one bed/one bath, and 23 2 bed/one baths) (12 of the one-bedroom units have a second non-conforming bedroom) There are 8 sets of shared coin-op washers & dryers, and a security system with 20+cameras and keypad secured entrances. New roof on both buildings in 2018. All new decking and railings installed on building 333 in 2019. Financials available upon request to qualified buyers. Property is currently managed by Clooten Property Mgt and is fully stabilized, bringing in a combined total of $30k gross revenue per month. Buyer to verify square footage, taxes, specials, and lot dimensions.
Location
Sub Area: Bismarck City NE
Street Number: 313
Street Name: Interstate
Street Type: Avenue
Street Direction Sfx: W
Area: Bismarck City
State: ND
Zip Code: 58503
County: Burleigh
Legal, Tax and Other Information
Taxes: 15066
Tax Year: 2021
Specials Installment: 741
Specials Balance: 2325
Pending Specials: No
Zoning: RM
Parcel ID: 0555-001-080
Legal Description: Washington Heights: Block 1 16-17 Pt Vac Interstate Ave
General Property Information
Lot SqFt: 25268
Lot Acres: 0.58
Lot Dimensions: 257x118
Total Unfinished SqFt: 0
Finished Above Grade SqFt: 22830
Finished Below Grade SqFt: 7610
Accessibility Features: No
Fee: No
Property Sub Type: Multi Family
Year Built: 1974
Total Finished SqFt: 30440
Utilities
Cable Connected: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Trash Pickup - Public: 1
Business Type
Other: 1
Basement
Concrete: 1
Daylight: 1
Egress Windows: 1
Finished: 1
Full: 1
Interior Entry: 1
Storage Space: 1
Walk-Out Access: 1
Roof
Flat: 1
Rubber: 1
Cooling
Ceiling Fan(s): 1
Wall/Window Unit(s): 1
Heating
Baseboard: 1
Hot Water: 1
Architectural Style
Apartment Style: 1
Construction Materials
Concrete: 1
Steel Siding: 1
Levels
Three Or More: 1
Flooring
Carpet: 1
Laminate: 1
Vinyl: 1
Foundation
Concrete Perimeter: 1
Listing Terms
Conventional: 1
Owner May Carry: 1
Possession
Close Of Escrow: 1
Exterior Features
Keyless Entry: 1
Private Entrance: 1
Fencing
Chain Link: 1
Partial: 1
Patio And Porch Features
# of Decks: 8
Lot Features
Corner Lot: 1
Lot - Owned: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
Assigned: 1
Concrete: 1
Deck: 1
Lighted: 1
Off Street: 1
Outside: 1
Parking Lot: 1
Road Frontage Type
City Street: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Included
Ceiling Fan(s): 1
Dishwasher: 1
Disposal: 1
Dryer: 1
Exhaust Fan/Hood: 1
Keyless Entry: 1
Microwave Hood: 1
Range: 1
Refrigerator: 1
Security System: 1
Washer: 1
Window Treatments: 1
Amenities
Laundry: 1
Manager on Premises: 1
Pets Allowed: 1
Status Change Info
Status: Closed
Under Contract Date: 2022-11-28
Sold Date: 2023-01-01
Sold Price: $2,950,000
Property Features
Business Type: Other
Cooling: Ceiling Fan(s); Wall/Window Unit(s)
Heating: Baseboard; Hot Water
Construction Materials: Concrete; Steel Siding
Roof: Flat; Rubber
Architectural Style: Apartment Style
Levels: Three Or More
Flooring: Carpet; Laminate; Vinyl
Foundation: Concrete Perimeter
Basement: Concrete; Daylight; Egress Windows; Finished; Full; Interior Entry; Storage Space; Walk-Out Access
Exterior Features: Keyless Entry; Private Entrance
Fencing: Chain Link; Partial
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected; Trash Pickup - Public
Tenant Pays: Cable TV; Electricity
Included: Ceiling Fan(s); Dishwasher; Disposal; Dryer; Exhaust Fan/Hood; Keyless Entry; Microwave Hood; Range; Refrigerator; Security System; Washer; Window Treatments
Road Frontage Type: City Street
Amenities: Laundry; Manager on Premises; Pets Allowed
Listing Terms: Conventional; Owner May Carry
Possession: Close Of Escrow
Lot Features: Corner Lot; Lot - Owned
Parking Features: Assigned; Concrete; Deck; Lighted; Off Street; Outside; Parking Lot
Listing Office: Better Homes and Gardens Real Estate Alliance Group

Last Updated: September - 06 - 2024

Information deemed reliable but not guaranteed.

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