• 5302 51st Ave S, Suite B - Fargo, ND 58104
  • 701-566-7080
Facebook-square Twitter Youtube Instagram
$2,565,000
4040 Mckenzie Drive SE, 1
Mandan, ND 58554
MLS# 4024771
Status: Closed
14277 sqft
dji_fly_20241021_143130_212_172954093912
  1 / 1  
dji_fly_20241021_143130_212_172954093912

Property Description
Investment Opportunity - 13 Class A Condo Units Exceptional opportunity to purchase a portfolio of 13 Class A residential condo units situated on McKenzie Drive in Mandan, North Dakota. Each unit is individually platted, offering added flexibility for investors seeking a strong buy-and-hold asset with the option for future individual unit sales. These well-maintained properties are located in a highly desirable area known for consistent rental demand and quality tenant occupancy. The portfolio offers immediate income potential along with upside through rental growth and long-term appreciation. With close proximity to shopping, dining, and key amenities, the location continues to attract reliable tenants, making this a stable and scalable investment. Opportunities to acquire a multi-unit, Class A portfolio of this size and quality are limited--making this a standout addition to any real estate portfolio.

Details
Maps
Contract Information
List Price/SqFt: 179.66
Sold Price/SqFt: 179.66
Price Type: Sale Only
Sold Price: $2,565,000
Current Price: $2,565,000
Date Listed: 2026-04-17
Remarks
Directions: GPS is correct
Public Remarks: Investment Opportunity - 13 Class A Condo Units Exceptional opportunity to purchase a portfolio of 13 Class A residential condo units situated on McKenzie Drive in Mandan, North Dakota. Each unit is individually platted, offering added flexibility for investors seeking a strong buy-and-hold asset with the option for future individual unit sales. These well-maintained properties are located in a highly desirable area known for consistent rental demand and quality tenant occupancy. The portfolio offers immediate income potential along with upside through rental growth and long-term appreciation. With close proximity to shopping, dining, and key amenities, the location continues to attract reliable tenants, making this a stable and scalable investment. Opportunities to acquire a multi-unit, Class A portfolio of this size and quality are limited--making this a standout addition to any real estate portfolio.
Location
Unit #: 1
Sub Area: Mandan City SE
Street Number: 4040
Street Name: Mckenzie
Street Type: Drive
Street Direction Sfx: SE
Area: Mandan City
State: ND
Zip Code: 58554
County: Morton
Legal, Tax and Other Information
Taxes: 16448.25
Tax Year: 2025
Specials Installment: 276.64
Specials Balance: 768.43
Pending Specials: No
Zoning: ETZ
Parcel ID: 65-6141595
Legal Description: Multiple Addresses
General Property Information
Lot SqFt: 48134
Lot Acres: 1.105
Lot Dimensions: -
Total Unfinished SqFt: 0
Finished Above Grade SqFt: 14277
Finished Below Grade SqFt: 0
Garage: Yes
Garage Spaces: 26
Accessibility Features: No
Fee: Yes
Property Sub Type: Multi Family
Year Built: 2011
Total Finished SqFt: 14277
Utilities
Electricity Connected: 1
Fiber Optic Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water Connected: 1
Trash Pickup - Public: 1
Business Type
Other: 1
Basement
None: 1
Roof
Asphalt: 1
Fiberglass: 1
Shingle: 1
Cooling
Central Air: 1
Heating
Boiler: 1
Forced Air: 1
Architectural Style
Apartment Style: 1
Construction Materials
Aluminum Siding: 1
Levels
Two: 1
Flooring
Carpet: 1
Concrete: 1
Linoleum: 1
Vinyl: 1
Foundation
Slab: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Contract for Deed: 1
Possession
Close Of Escrow: 1
Exterior Features
Lighting: 1
Rain Gutters: 1
Fencing
None: 1
Patio And Porch Features
# of Decks: 5
# of Patios: 8
Lot Features
Landscaped: 1
Level: 1
Lot - Owned: 1
Rectangular Lot: 1
Sprinklers In Front: 1
Sprinklers In Rear: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
Concrete: 1
Detached: 1
Garage Door Opener: 1
Lighted: 1
Off Street: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Paved: 1
Tenant Pays
Electricity: 1
Fee Includes
Fee: 175
Fee Frequency: Monthly
Common Area Maintenance: 1
Insurance: 1
Maintenance Grounds: 1
Maintenance Structure: 1
Property Management: 1
Sewer: 1
Snow Removal: 1
Sprinkler System: 1
Trash: 1
Water: 1
Included
Dishwasher: 1
Disposal: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Window Treatments: 1
Amenities
Ground Floor Unit: 1
Pets Allowed w/Restrictions: 1
Status Change Info
Status: Closed
Under Contract Date: 2026-04-17
Sold Date: 2026-05-13
Sold Price: $2,565,000
Property Features
Business Type: Other
Cooling: Central Air
Heating: Boiler; Forced Air
Construction Materials: Aluminum Siding
Roof: Asphalt; Fiberglass; Shingle
Architectural Style: Apartment Style
Levels: Two
Flooring: Carpet; Concrete; Linoleum; Vinyl
Foundation: Slab
Basement: None
Exterior Features: Lighting; Rain Gutters
Fencing: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected; Fiber Optic Connected; Natural Gas Connected; Sewer Connected; Water Connected; Trash Pickup - Public
Tenant Pays: Electricity
Fee Includes: Common Area Maintenance; Insurance; Maintenance Grounds; Maintenance Structure; Property Management; Sewer; Snow Removal; Sprinkler System; Trash; Water
Included: Dishwasher; Disposal; Dryer; Range; Refrigerator; Washer; Window Treatments
Road Frontage Type: City Street
Road Surface Type: Asphalt; Paved
Amenities: Ground Floor Unit; Pets Allowed w/Restrictions
Listing Terms: 1031 Exchange; Cash; Contract for Deed
Possession: Close Of Escrow
Lot Features: Landscaped; Level; Lot - Owned; Rectangular Lot; Sprinklers In Front; Sprinklers In Rear
Parking Features: Concrete; Detached; Garage Door Opener; Lighted; Off Street
Listing Office: Realty One Group - Encore

Last Updated: May - 14 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products