• 5302 51st Ave S, Suite B - Fargo, ND 58104
  • 701-566-7080
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$850,000
812/900 Adobe Trail
Mandan, ND 58554
MLS# 3301063
Status: Closed
17664 sqft

Property Description
16 plex apartment complex built in 1980 and approved under HUD section 8 housing program, fantastic rents - $779 for a 3 Bedroom and $643 for a 2 Bedroom. Wonderful rental history, HUD has a guaranteed rental program if there would be a vacancy. This building has 17,664 sq.ft. All the apartments are spacious with open floor plans. In 2006 the sellers spent over $20,000 for repairs and updating. Fascia, gutters, and downspouts were replaced along with new concrete in the parking lot and new concrete on some sidewalks in front of the buildings, plus a new water heater. The hallways were also painted in 2006. Then in 2001 windows and carpets were also replaced in many units. There are eight 3 bedroom apartments and eight 2 bedroom apartments for a total of 40 bedrooms and 16 bathrooms. The exterior is brick and masonite siding. There is a 8 x 12 storage shed, and lots of extra parking. These two 8 plex's are situated on a very large lot which create a courtyard feeling.

Details
Maps
Contract Information
List Price/SqFt: 49.54
Sold Price/SqFt: 48.12
Lease Rate: 643
Price Type: Sale Only
Lease Terms: Month To Month
Sold Price: $850,000
Current Price: $850,000
Date Listed: 2007-01-06
Remarks
Directions: corner of 6th ave SE and 1st street SE go east one block to Adobe Trail, turn left. you will see the 16 plex right away. located close to Dan's SuperMarket, Church's, and convenience stores.
Public Remarks: 16 plex apartment complex built in 1980 and approved under HUD section 8 housing program, fantastic rents - $779 for a 3 Bedroom and $643 for a 2 Bedroom. Wonderful rental history, HUD has a guaranteed rental program if there would be a vacancy. This building has 17,664 sq.ft. All the apartments are spacious with open floor plans. In 2006 the sellers spent over $20,000 for repairs and updating. Fascia, gutters, and downspouts were replaced along with new concrete in the parking lot and new concrete on some sidewalks in front of the buildings, plus a new water heater. The hallways were also painted in 2006. Then in 2001 windows and carpets were also replaced in many units. There are eight 3 bedroom apartments and eight 2 bedroom apartments for a total of 40 bedrooms and 16 bathrooms. The exterior is brick and masonite siding. There is a 8 x 12 storage shed, and lots of extra parking. These two 8 plex's are situated on a very large lot which create a courtyard feeling.
Location
Sub Area: Mandan City NW
Street Number: 812/900
Street Name: Adobe
Street Type: Trail
Area: Mandan City
State: ND
Zip Code: 58554
County: Morton
Legal, Tax and Other Information
Taxes: 15203
Tax Year: 2006
Specials Installment: 418
Specials Balance: 2442
Zoning: RM
Parcel ID: 1723000
Legal Description: Lots 16,17,18 Hoovestall's 1st Addition
General Property Information
Lot SqFt: 38420
Lot Acres: 0.88
Lot Dimensions: 141 x 266
Finished Above Grade SqFt: 17664
Garage: Yes
Property Sub Type: Multi Family
Year Built: 1980
Total Finished SqFt: 17664
Utilities
Cable Available: 1
Trash Pickup - Public: 1
See Remarks: 1
Business Type
Other: 1
Basement
None: 1
Building Info
Laundry Room: 1
See Remarks: 1
Roof
Shingle: 1
Heating
Boiler: 1
Hot Water: 1
Natural Gas: 1
Construction Materials
Brick: 1
Frame: 1
Masonite: 1
Flooring
Carpet: 1
Vinyl: 1
Foundation
Concrete Perimeter: 1
Slab: 1
Lot Features
Level: 1
Lot - Owned: 1
Rectangular Lot: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
Garage Dimensions: 0
Assigned: 1
Off Street: 1
Road Frontage Type
City Street: 1
Tenant Pays
Cable TV: 1
Telephone: 1
Fee Includes
Fee Frequency: Monthly
Common Area Maintenance: 1
Heating: 1
Insurance: 1
Maintenance Grounds: 1
Maintenance Structure: 1
Property Management: 1
Snow Removal: 1
Trash: 1
Water: 1
See Remarks: 1
Included
Exhaust Fan/Hood: 1
Range: 1
Refrigerator: 1
Documents Available
Abstract: 1
Status Change Info
Status: Closed
Under Contract Date: 2007-01-26
Sold Date: 2007-06-29
Sold Price: $850,000
Property Features
Business Type: Other
Building Info: Laundry Room; See Remarks
Heating: Boiler; Hot Water; Natural Gas
Construction Materials: Brick; Frame; Masonite
Roof: Shingle
Flooring: Carpet; Vinyl
Foundation: Concrete Perimeter; Slab
Basement: None
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available; Trash Pickup - Public; See Remarks
Tenant Pays: Cable TV; Telephone
Fee Includes: Common Area Maintenance; Heating; Insurance; Maintenance Grounds; Maintenance Structure; Property Management; Snow Removal; Trash; Water; See Remarks
Included: Exhaust Fan/Hood; Range; Refrigerator
Road Frontage Type: City Street
Lot Features: Level; Lot - Owned; Rectangular Lot
Parking Features: Assigned; Off Street
Documents Available: Abstract
Listing Office: BIANCO REALTY, INC.

Last Updated: September - 06 - 2024

Information deemed reliable but not guaranteed.

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