Commercial Buildings – Dickinson, ND
Auction Note
*** MORE INFORMATION COMING SOON!*** Multi-Family Buildings & Office Auction Commercial Buildings – Dickinson, ND Thursday, October 27, 2016 – 2:00 p.m. (MT) Auction Location: Ramada Grand Dakota Hotel – Dickinson, ND Auction Note: This is a unique opportunity to have a chance at a live public auction for anyone of these seven income producing properties in Dickinson, North Dakota. The DSU Alumni Foundation is offering these profitable properties turn-key, with all current leases in place. These multi-family units are located near the University and hold many possibilities to continue with Student Housing, or provide living for any current or future resident of Dickinson, ND. Additionally, the DSUF Headquarters Office will also be offered at this event. This office building provides a classy, professional atmosphere, and a breathtaking first impression as potential clients or customers walk in the foyer. Join Pifer's Auction & Realty, October 27 at the Ramada Grand Dakota Hotel in Dickinson, ND. This Will be one investment opportunity in a thriving community that you will not want to miss out on! Each of these properties are subject to prior sale. Contact: Andy Mrnak at 701.206.1095 or Jim Sabe at 701.523.6283 for more information, or Pifer’s Auction & Realty at 877.700.4099 for a complete catalog. Property Information: Property 1: Main Office Address: 230 8th Ave. W., Dickinson, ND Legal Description: Lots 8-11, Block 37, Young’s 7th Addition Parcel Number: 0370-3700-0800 Lot Dimensions: 200’ x 141’ Lot Square Feet: 28,200 Zoning: R3 Residential District with Special Use Permit Total Size: 37,055 Sq. Ft. Building Information: Year Built: 2004 Style: Executive Office Square Feet: 4,134 Est. Taxes: $2,043.48 Construction: Asphalt Shingles, Stucko Siding with Brick accents Foundation: Cement HVAC: Forced Air/Central Air Other Features: Grand Landscaping Design, Rock Scape, Waterfalls, Decorative Sidewalk Design, Business Sign, Modern Interior and Hardwood Floors. Property 1 Note: This is an exceptionally well designed professional office space located just off of the southeast corner of the Dickinson State University Campus. The street side architecture provides an inviting atmosphere and a tremendous first impression for clients and customers. Additionally, the DSU Home is surrounded by an exquisite landscape design with rock works and a waterfall. The building itself has an integrated sound system that is perfect for day to day background music, or a PA system for entertaining a large crowd. The inside design of the building will open anyone’s eyes as they enter the grand foyer and see all of the tremendous woodwork and modern architecture. Property 1a: South Vacant Lot Address: 734 2nd St. W., Dickinson, ND Legal Description: Lot 7, Block 37, Young’s 7th Addition Parcel Number: 0370-3700-0700 Lot Dimensions: 56’ x 141’ Lot Size: 7,896 Sq. Ft. Property 1b: North Lot with Garage Address: 246 8th Ave. W., Dickinson, ND Legal Description: W 72’ of Lot 12, Block 37, Young’s 7th Addition Parcel Number: 0370-3700-1201 Lot Dimensions: 56’ x 72’ Lot Square Feet: 4032 Building Information: Year Built: 1986 Style: Detached Garage Dimensions: 12’ x 24’ Property 2: Altringer Apartments Address: 127 11th Ave. W., Dickinson, ND Legal Description: Lots 2-3 Block 4, Auditors Plat 4 Parcel Number: 0610-0400-0200 Year Built: 1972 Zoning: R3 High Density Residential District Total Size: 13,655 Sq. Ft. NRA: 11,475 Sq. Ft. Number of Units: 18 1 Bed/1 Bath: 1 - Apartment Size: 375 Sq. Ft. 2 Bed/1 Bath: 5 - Apartment Size: 600 Sq. Ft. 2 Bed/1 Bath: 12 - Apartment Size: 675 Sq. Ft. Lot Information: Lot Size: 21,966 Sq. Ft. Parking: 24 Spaces Financial Summary: 7/13-6/14 7/14-6/15 7/15-6/16 Revenue $75,496.00 $162,702.70 $131,297.53 Occupied 21 Expense $40,338.22 $143,210.96 $53,450.71 Capacity 35 Net Income $35,157.78 $19,491.74 $77,846.82 OCC. % 60% *Detailed financial report available by request Starting Bid: $952,000 Property 2 Note: This is a long-standing building and a staple for student housing that is only a block from the south side of the Dickinson State University Campus. This 18-unit apartment building has been updated and well-maintained over the years. In addition to the brick structure, this sturdy built complex is low maintenance and will provide an immediate Return On Investment. Property 3: Miller Building Address: 145 10th Ave. W., Dickinson, ND Legal Description: Lot 1 of Block 28, Young’s 5th Addition Parcel Number: 0350-2800-0100 Year Built: 1948 and 1966 Zoning: R3 High Density Residential District Total Size: 4,080 Sq. Ft. NRA: 3,525 Sq. Ft. HVAC: Boiler Heat, Window A/C Features: Vinyl Siding, New Windows, renovated apartments Number of Units: 6 1 Bed/1 Bath: 2 -Apartment Size: 900 Sq. Ft. 1 Bed/1 Bath: 2 - Apartment Size: 1,000 Sq. Ft. 2 Bed/1 Bath: 1 - Apartment Size: 725 Sq. Ft. 3 Bed/1 Bath: 1 - Apartment Size: 900 Sq. Ft. Lot Information: Lot Size: 7,896 Sq. Ft. Parking: 7 Spaces Financial Summary: 7/13-6/14 7/14-6/15 7/15-6/16 Revenue $20,000.00 $41,612.00 $41,830.00 Occupied 6 Expense $26,554.98 $58,626.58 $13,972.18 Capacity 7 Net Income ($6,554.98) ($17,014.58) $27,857.82 OCC. % 85.71% *Detailed financial report available by request Starting Bid: $182,000 Property 3 Note: Do not let the size of this apartment building fool you! This 6-unit complex is perfectly located across the street on the south side of the DSU Campus and is in high demand for student housing. The DSU Foundation has invested into many capital improvements over the past 36 months including flooring, windows, sidewalks, cement driveway, etc. Furthermore, the Miller Home is currently at 85% occupancy and will provide immediate revenue. Property 4: Bosch Apartments 4a: Address: 36 10th St. E. Legal Description: Lot 1, Block 1, Hilliard and Manning 3rd Addition, Bosch Sub Division Parcel Number: 0082-0100-0100 Lot Size: 13,005 Sq. Ft. Est. Taxes: $3,138.63 Building Information: Year Built: 1971 Style: 4-Plex Apartment Complex Dimensions: 29’ x 120’ Main Level: 3,480 Sq. Ft. Finished Basement: 1,740 Sq. Ft. Construction: Asphalt Shingles, Wood Deck, Brick and Wood Siding HVAC: Boiler Heat Other Features: Built-In Garage with Cement Driveways 4b: Address: 971 Foster Dr. Legal Description: Lot 2, Block 1, Hilliard and Manning 3rd Addition, Bosch Sub Division Parcel Number: 0082-0100-0200 Lot Size: 18,981 Sq. Ft. Est. Taxes: $3,197.92 Building Information: Year Built: 1971 Style: 4-Plex Apartment Complex Dimensions: 29’ x 120’ Main Level: 3,480 Sq. Ft. Finished Basement: 1,740 Sq. Ft. Construction: Asphalt Shingles, Wood Deck, Brick and Wood Siding HVAC: Boiler Heat Other Features: Built-In Garage with Cement Driveways 4c: Address: 953 Foster Dr. Legal Description: Lot 3, Block 1, Hilliard and Manning 3rd Addition, Bosch Sub Division Parcel Number: 0082-0100-0300 Lot Size: 29,800 Sq. Ft. Est. Taxes: $3,497.35 Building Information: Year Built: 1971 Style: 4-Plex Apartment Complex Dimensions: 29’ x 120’ Main Level: 3,480 Sq. Ft. Finished Basement: 1,740 Sq. Ft. Construction: Asphalt Shingles, Wood Deck, Brick and Wood Siding HVAC: Boiler Heat Other Features: Built-In Garage with Cement Driveways 4d: Address: 931 Foster Dr. Legal Description: Lot 4, Block 1, Hilliard and Manning 3rd Addition, Bosch Sub Division Parcel Number: 0082-0100-0400 Lot Size: 14,700 Sq. Ft. Est. Taxes: $3,175.95 Building Information: Year Built: 1971 Style: 4-Plex Apartment Complex Dimensions: 29’ x 120’ Main Level: 3,480 Sq. Ft. Finished Basement: 1,740 Sq. Ft. Construction: Asphalt Shingles, Wood Deck, Brick and Wood Siding HVAC: Boiler Heat. One unit has Central Air. Other Features: Built-In Garage with Cement Driveways Financial Summary: 7/13-6/14 7/14-6/15 7/15-6/16 Revenue $68,432.00 $163,385.00 $205,286.00 Occupied 14 Expense $41,322.02 $75,164.19 $51,184.98 Capacity 16 Net Income $27,109.98 $88,220.81 $154,101.02 OCC. % 87.5% *Detailed financial report available by request Starting Bid: $1,085,000 Property 4a-d Notes: These four individual 4-plex buildings could potentially be one of the best ND investment opportunities of 2016! These large apartment buildings have an exceptional lease history with many long-term tenants and is located in a quiet neighborhood where everyone looks out for each other. These 2 bedroom, 2 bath homes each have a built in garage with excellent storage, 2 full living rooms, a nice kitchen, and a walk out entry door to the large back yard area that is very appealing to families and tenants looking for extra green space. These units are all very well built, and have been maintained steadily since they were constructed. Owner: DSU Alumni Foundation This sale is managed by Pifer’s Auction Company, Kevin Pifer, ND #715. All statements made the day of the auction take precedence over all printed materials. The seller reserves the right to reject or accept any and all bids.
