FOR SALE
FOUR (4) APARTMENT BUILDINGS - NEW TOWN, ND
PRICE: $1,995,000
 
Property Note:  Featuring four (4) buildings with a total of 27 units with 5 garages.  Eleven (11) units are at current rental rates and 16 are at older, lower rental rates for the time being. These properties have upside rental revenue.  Numerous upgrades and improvements have been completed to property over last two years.
 
Contact:  Larry O’Callaghan at 701-799-7560 for more information, or Pifer’s Auction & Realty at 877-700-4099 for a property brochure.
 
Driving Directions: TBA
 
 
Property Information: J&J Apartments
Totals: (27 units) - all in New Town, ND 58763 (Mountrail County)
610 1st St. N.  (8 - Singles)
612 1st St. N.  (5 - Singles & 3 - Two bedroom) 611 Eagle Dr. (2 - Two bedroom & 3 - Three bedroom) 613 Eagle Dr. (2 - Two bedroom & 4 - Three bedroom

Total Price:  $1,995,000 No. Units:  27 Price/Unit:  $73,888 NOI:  $185,475 Property Type: Multi-Family Property Sub-type: Garden/Low-Rise Property use type: Investment Commission Split: 2.5% Cap Rate: 9.2% Occupancy: 100% No. of Stories: 2 Utilities: Paid by owner, including Water/Sewer/Trash; Electric; Heating & Cooling

 
MAP – New Town, ND
http://www.bing.com/maps/default.aspx?encType=1&where1=New+Town%2c+Nort…

AREA INFORMATION– New Town, ND
http://en.wikipedia.org/wiki/New_Town,_North_Dakota

 
 
Pifer’s Auction & Realty obtained information from sources deemed reliable, but does not guarantee its accuracy. Pifer’s encourage due diligence of property and related information by prospective buyers. Pifer’s Auction & Realty, 1506 29th Ave South, Moorhead, MN 56560.