• 5302 51st Ave S, Suite B - Fargo, ND 58104
  • 701-566-7080
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$5,165,000
4600 Mckenzie Drive SE
Mandan, ND 58554
MLS# 4018350
Status: Closed
35832 sqft
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Property Description
Premier Investment Opportunity - 3 Luxury Lakewood Apartment Buildings For $5,500,000, this 36-unit multifamily investment is an exceptional opportunity in the highly sought-after Lakewood community. The portfolio consists of three buildings, each housing 12 well-designed units built for modern living and long-term value appreciation. With the potential for condominium conversion and individual sales, this property is positioned for strong returns. The property features in-unit laundry, central heating & air, and two-stall garages for tenant comfort and convenience. Within the 36 units, you will find 12 two-bedroom, one-bath units and 24 two-bedroom, two-bath units, catering to diverse tenant needs. Recent property-wide improvements, including new roofs and interior renovations, make this a low-maintenance, high-yield investment. This turnkey asset delivers strong rental income in a high-demand market, ensuring excellent cash flow and consistent occupancy. The seller is offering a contract for deed option, making this a unique chance to acquire a high-performing property with favorable financing terms. Take advantage of this outstanding investment opportunity in a thriving area. Contact us today for financials, rent rolls, and a private tour!

Details
Maps
Contract Information
List Price/SqFt: 153.49
Sold Price/SqFt: 144.14
Price Type: Sale Only
Sold Price: $5,165,000
Current Price: $5,165,000
Date Listed: 2025-03-20
Remarks
Directions: From Memorial Hwy, Turn South on 40th Ave SE, Turn East on McKenzie Drive SE, Property is located on the left hand side
Public Remarks: Premier Investment Opportunity - 3 Luxury Lakewood Apartment Buildings For $5,500,000, this 36-unit multifamily investment is an exceptional opportunity in the highly sought-after Lakewood community. The portfolio consists of three buildings, each housing 12 well-designed units built for modern living and long-term value appreciation. With the potential for condominium conversion and individual sales, this property is positioned for strong returns. The property features in-unit laundry, central heating & air, and two-stall garages for tenant comfort and convenience. Within the 36 units, you will find 12 two-bedroom, one-bath units and 24 two-bedroom, two-bath units, catering to diverse tenant needs. Recent property-wide improvements, including new roofs and interior renovations, make this a low-maintenance, high-yield investment. This turnkey asset delivers strong rental income in a high-demand market, ensuring excellent cash flow and consistent occupancy. The seller is offering a contract for deed option, making this a unique chance to acquire a high-performing property with favorable financing terms. Take advantage of this outstanding investment opportunity in a thriving area. Contact us today for financials, rent rolls, and a private tour!
Location
Sub Area: Mandan City SE
Street Number: 4600
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: 46520
Tax Year: 2024
Specials Installment: 738
Specials Balance: 2682
Pending Specials: No
Zoning: ETZ
Parcel ID: 65-1804230
Legal Description: SUBDIV:LAKEWOOD 1ST BLK:1 W 247' LOT 1 & E 115' LOT 2 (9604A)
General Property Information
Lot SqFt: 128193
Lot Acres: 2.9429
Sub Type Details: Building Only
Lot Dimensions: -
Total Unfinished SqFt: 0
Finished Above Grade SqFt: 35832
Finished Below Grade SqFt: 0
Garage: Yes
Garage Spaces: 72
Accessibility Features: No
Fee: No
Property Sub Type: Multi Family
Year Built: 2002
Total Finished SqFt: 35832
Utilities
Cable Connected: 1
Electricity 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
Natural Gas: 1
Architectural Style
Apartment Style: 1
Construction Materials
Aluminum Siding: 1
Levels
Two: 1
Flooring
Carpet: 1
Laminate: 1
Linoleum: 1
Vinyl: 1
Foundation
Slab: 1
Listing Terms
Cash: 1
Contract for Deed: 1
Possession
Close Of Escrow: 1
Exterior Features
Balcony: 1
Lighting: 1
Rain Gutters: 1
Fencing
None: 1
Patio And Porch Features
# of Decks: 18
# of Patios: 18
Lot Features
Landscaped: 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
Garage Dimensions: 20X20
Additional Parking: 1
Concrete: 1
Detached: 1
Driveway: 1
Garage Door Opener: 1
Lighted: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Paved: 1
Tenant Pays
Electricity: 1
Included
Dishwasher: 1
Disposal: 1
Dryer: 1
Exhaust Fan/Hood: 1
Garage Door Opener & Ctl: 1
Microwave: 1
Range: 1
Refrigerator: 1
Sprinkler System: 1
Washer: 1
Window Treatments: 1
Amenities
Ground Floor Unit: 1
Pets Allowed: 1
Washer/Dryer Hookup: 1
Status Change Info
Status: Closed
Under Contract Date: 2025-05-30
Sold Date: 2025-08-20
Sold Price: $5,165,000
Property Features
Business Type: Other
Cooling: Central Air
Heating: Boiler; Forced Air; Natural Gas
Construction Materials: Aluminum Siding
Roof: Asphalt; Fiberglass; Shingle
Architectural Style: Apartment Style
Levels: Two
Flooring: Carpet; Laminate; Linoleum; Vinyl
Foundation: Slab
Basement: None
Exterior Features: Balcony; Lighting; Rain Gutters
Fencing: None
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Trash Pickup - Public
Tenant Pays: Electricity
Included: Dishwasher; Disposal; Dryer; Exhaust Fan/Hood; Garage Door Opener & Ctl; Microwave; Range; Refrigerator; Sprinkler System; Washer; Window Treatments
Road Frontage Type: City Street
Road Surface Type: Asphalt; Paved
Amenities: Ground Floor Unit; Pets Allowed; Washer/Dryer Hookup
Listing Terms: Cash; Contract for Deed
Possession: Close Of Escrow
Lot Features: Landscaped; Lot - Owned; Rectangular Lot; Sprinklers In Front; Sprinklers In Rear
Parking Features: Additional Parking; Concrete; Detached; Driveway; Garage Door Opener; Lighted
Listing Office: Realty One Group - Encore

Last Updated: August - 20 - 2025

Information deemed reliable but not guaranteed.

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