518 4th Street SW, Jamestown, ND 58401 (MLS# 6631108)

Overview

Description

Introducing Parkview Apartments, a prime investment opportunity in the thriving Jamestown area. This 36-unit portfolio historically boasts nearly 100% occupancy and low-rise garden-style living that perfectly complements the picturesque surroundings. With a focus on multifamily living, the property offers an ideal blend of comfort and convenience, featuring spacious units and modern amenities. Investors will appreciate the potential for stable returns in this well-maintained and highly sought-after asset. Don't miss out on the chance to own this 7 building portfolio in a prime location, offering a fantastic opportunity for long-term success in the dynamic Jamestown real estate market.

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: Yes
Year Built: 1978
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: Yes
For Sale or Lease: For Sale
Lot Dimensions: Yes
Garage Stalls: 0

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Fiber Board Financing Terms: Cash Fuel: Natural Gas Heating: Hot Water On Site Utilities: Electric Separate Parking Characteristics: Parking Lot Rental License Type: Standard Sewer: City Sewer/Connected Showing Requirements: Call Listing Agent Water: City Water/Connected

Contract Information

Digitally Altered Photos: No
Off Market Date: 2025-01-23
Closed Date: 2025-01-22
Sales Close Price: 1950000
Contingency: None
ListPrice: 2100000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 518
Street Name: 4th
Street Suffix: Street
Street Direction Suffix: SW
Postal City: Jamestown
County: Stutsman
State: ND
Zip Code: 58401
Complex/Dev/Subdivision: Klaus & Hagers Park Add

Assessments

Assessment Installment: Yes
Drain Assessment: Yes
Tax With Assessments: 2814
Assessment Balance: 0
Assessments Paid Seller: 0
Sheyenne Assessment: 0
Sheyenne Assessment Yearly Installments: 0

Building Information

Building Finished SqFt: Yes

More Information

Income and Expenses

Annual Caretaker Expense: Yes
Annual Electric Expense: Yes
Annual Fuel Expense: Yes
Annual Gross Expenses: Yes
Annual Gross Income: Yes
Annual Insurance Expense: Yes
Annual Maintenance Expense: Yes
Annual Net Income: Yes
Annual Repair Expense: Yes
Annual Trash Expense: Yes
Annual Water/Sewer Expense: Yes
Total Annual Expenses: Yes

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building

Unit Details

Total Units: 36

Office/Member Info

Association: FMR

Location, Tax and Other Information

Legal Description: Multiple
Listing City: Jamestown
Map Page: 999
Municipality: Jamestown
School District: Jamestown
Zip Plus 4: 614
Property ID Number: 743463580
Square Footage Source: Other
Tax Year: 2023
Tax Amount: 1
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Introducing Parkview Apartments, a prime investment opportunity in the thriving Jamestown area. This 36-unit portfolio historically boasts nearly 100% occupancy and low-rise garden-style living that perfectly complements the picturesque surroundings. With a focus on multifamily living, the property offers an ideal blend of comfort and convenience, featuring spacious units and modern amenities. Investors will appreciate the potential for stable returns in this well-maintained and highly sought-after asset. Don't miss out on the chance to own this 7 building portfolio in a prime location, offering a fantastic opportunity for long-term success in the dynamic Jamestown real estate market.

Accessible

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Fiber Board: Yes

Financing Terms

Cash: Yes

Fuel

Natural Gas: Yes

Heating

Hot Water: Yes

Parking Characteristics

Parking Lot: Yes

Rental License Type

Standard: Yes

Sewer

City Sewer/Connected: Yes

Showing Requirements

Call Listing Agent: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes