• 5302 51st Ave S, Suite B - Fargo, ND 58104
  • 701-566-7080
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$565,000
4020 Mckenzie Drive SE, 5
Mandan, ND 58554
MLS# 4023033
6 beds  |  5 baths  |  3219 sqft
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Property Description
Turn-Key Investment Opportunity - Lakewood Condos (Package Deal) Rare opportunity to purchase THREE Lakewood condos in Mandan as a discounted package deal. All units are currently rented, providing immediate cash flow from day one. This portfolio includes units 4020 #5, 4020 #12, and 4000 #3 with a total of 6 bedrooms, 5 bathrooms, and three double-stall garages. Located in the highly desirable Lakewood neighborhood, known for strong rental demand, low vacancy, and long-term stability. Ideal for investors looking to expand their portfolio, complete a 1031 exchange, or secure multiple income-producing units in one transaction. Opportunities like this don't come along often.

Details
Maps
Contract Information
List Price/SqFt: 175.52
List Price: $565,000
Current Price: $565,000
Date Listed: 2025-12-16
Remarks
Included: All kitchen appliances, Washers, Dryers, Garage controls
Directions: GPS is correct
Public Remarks: Turn-Key Investment Opportunity - Lakewood Condos (Package Deal) Rare opportunity to purchase THREE Lakewood condos in Mandan as a discounted package deal. All units are currently rented, providing immediate cash flow from day one. This portfolio includes units 4020 #5, 4020 #12, and 4000 #3 with a total of 6 bedrooms, 5 bathrooms, and three double-stall garages. Located in the highly desirable Lakewood neighborhood, known for strong rental demand, low vacancy, and long-term stability. Ideal for investors looking to expand their portfolio, complete a 1031 exchange, or secure multiple income-producing units in one transaction. Opportunities like this don't come along often.
Location
Sub Area: Mandan City SE
Street Number: 4020
Street Name: Mckenzie
Street Type: Drive
Street Direction Sfx: SE
Unit #: 5
Area: Mandan City
State: ND
Zip Code: 58554
County: Morton
Subdivision: LAKEWOOD COMM PARK 4TH
Legal, Tax and Other Information
Taxes: 4152
Tax Year: 2024
Specials Installment: 0
Specials Balance: 0
Pending Specials: No
Zoning: ETZ
Parcel ID: 65-6141627
Legal Description: See attached documents
Elementary School: Lakewood
Middle School: Mandan
High School: Mandan High
General Property Information
Lot SqFt: 11108
Lot Acres: 0.255
Lot Dimensions: --
Total 1/4 Baths: 0
Total Half Baths: 0
Total 3/4 Baths: 2
Main Finished SqFt: 1059
Upper Finished SqFt: 2160
Lower Finished SqFt: 0
Basement Finished SqFt: 0
Finished Above Grade SqFt: 3219
Finished Below Grade SqFt: 0
Garage: Yes
Garage Spaces: 6
Fireplace: No
Accessibility Features: Yes
Association: Yes
Property Sub Type: Condominium
Year Built: 2011
Bedrooms Total: 6
Total Full Baths: 3
Total Baths: 5
Total Finished SqFt: 3219
Utilities
Cable Connected: 1
Electricity Connected: 1
Fiber Optic Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water Connected: 1
Trash Pickup - Public: 1
Basement
None: 1
Roof
Asphalt: 1
Fiberglass: 1
Shingle: 1
Cooling
Central Air: 1
Heating
Boiler: 1
Forced Air: 1
Natural Gas: 1
Architectural Style
Apartment Style: 1
Main Floor Unit: 1
Patio Home/Slab on Grade: 1
Construction Materials
Aluminum Siding: 1
Levels
One: 1
Flooring
Carpet: 1
Linoleum: 1
Vinyl: 1
Foundation
Concrete Perimeter: 1
Rental Income
Rental Income Unit 1: 1400
Rental Income Unit 2: 1500
Rental Income Unit 3: 1500
Appliances
Dishwasher: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Interior Features
Main Floor Bedroom: 1
Main Floor Laundry: 1
Primary Bath: 1
Smoke Detector(s): 1
Vaulted Ceiling(s): 1
Walk-In Closet(s): 1
Window Treatments: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Possession
Close Of Escrow: 1
Exterior Features
Lighting: 1
Rain Gutters: 1
Patio And Porch Features
# of Decks: 2
# of Patios: 1
Lot Features
Landscaped: 1
Level: 1
Sprinklers In Front: 1
Sprinklers In Rear: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
Detached: 1
Driveway: 1
Garage Door Opener: 1
Oversized: 1
Tandem: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Paved: 1
Association Fee Includes
Association Fee: 175
Association Fee Frequency: Monthly
Insurance: 1
Maintenance Grounds: 1
Maintenance Structure: 1
Property Management: 1
Sewer: 1
Snow Removal: 1
Sprinkler System: 1
Trash: 1
Water: 1
Association Amenities
Pets Allowed: 1
Accessibility Features
Accessible Bedroom: 1
Accessible Washer/Dryer: 1
Status Change Info
Status: Active
Property Features
Basement: None
Roof: Asphalt; Fiberglass; Shingle
Architectural Style: Apartment Style; Main Floor Unit; Patio Home/Slab on Grade
Levels: One
Flooring: Carpet; Linoleum; Vinyl
Heating: Boiler; Forced Air; Natural Gas
Cooling: Central Air
Construction Materials: Aluminum Siding
Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Interior Features: Main Floor Bedroom; Main Floor Laundry; Primary Bath; Smoke Detector(s); Vaulted Ceiling(s); Walk-In Closet(s); Window Treatments
Foundation: Concrete Perimeter
Listing Terms: 1031 Exchange; Cash
Possession: Close Of Escrow
Exterior Features: Lighting; Rain Gutters
Lot Features: Landscaped; Level; Sprinklers In Front; Sprinklers In Rear
Utilities: Cable Connected; Electricity Connected; Fiber Optic Connected; Natural Gas Connected; Sewer Connected; Water Connected; Trash Pickup - Public
Parking Features: Detached; Driveway; Garage Door Opener; Oversized; Tandem
Water Source: Public
Sewer: Public Sewer
Road Frontage Type: City Street
Road Surface Type: Asphalt; Paved
Association Fee Includes: Insurance; Maintenance Grounds; Maintenance Structure; Property Management; Snow Removal; Sprinkler System; Trash; Water
Association Amenities: Pets Allowed
Accessibility Features: Accessible Bedroom; Accessible Washer/Dryer
Listing Office: Realty One Group - Encore

Last Updated: December - 16 - 2025

Information deemed reliable but not guaranteed.

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