1101 5TH Avenue SE, Devils Lake, ND 58301
$770,000
Property Type:
MultiFamily
Bedrooms:
47
Baths:
24
Square Footage:
23,100
Status:
Closed
Current Price:
$770,000
List Date:
10/08/2020
Last Modified:
12/02/2021
Description
Rare acquisition opportunity in Devils Lake. Larger, multi-family investments in this area have a low turn over making this a great find. The property consists of 24 units, 23 two-bedroom units and 1 one-bedroom unit, 12 garage stalls and on-site resident manager.
More Information MLS# 20-1861
Contract Information
Status: Closed
List Price: $770,000
Current Price: $770,000
General Property Information
Realtor.COM Type: Multi-Family
Total SqFt.: 23100
Above Ground SQFT: 23100
Total Bedrooms: 47
Total Bathrooms: 24
Garage Type: Detached
Garage Stalls: 12
Garage Remarks: Detached
Year Built: 1974
Style: 3 Story
Lot Size Dimensions: 1.14 acres
Location, Tax and Legal Information
Area: Devils Lake
House Number: 1101
Street Name: 5TH
Street Suffix: Avenue
Street Direction Sfx: SE
State/Province: ND
Country: USA
Postal Code: 58301
County: Ramsey
Zoning: A-1 Limited Development
Flood Plain: Contact Lender
Taxes: 10057.1
Tax Year: 2019
Total Tax & Specials: 10057.10
Parcel Number: 39050100007000
Legal: Lot 5, Blk 2 East Pitcher Park
Agent/Agency Information
Extra Agency Info: 1,7
Confidential Information
Begin Date: 2020-10-08
Sold Date: 2021-11-30
Income
Other Income: $2,940
Scheduled Rent: $141,480
# Units: 24
Vacancy Percent: 15.5
Expenses
Heat Expense: $10,520
Insurance: $4,572
Water/Sewer: $11,113
Maintenance: $11,318
Management: $13,431
Tax and Specials Exp: $10,057
Inclusions
# Dryers: 2
# Ranges: 24
# Refrigerators: 24
# Washers: 2
Miscellaneous
Laundry: yes
Documents
Brochure ›Listing Office: Crary Real Estate
Last Updated: December - 02 - 2021
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.