1101 5TH Avenue SE, Devils Lake, ND 58301

$770,000

1101 5TH Avenue SE
Devils Lake, ND 58301
MLS# 20-1861
Status: Closed
47 beds | 24 baths | 23100 sqft

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Property 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.

Details

Documents

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

Confidential Information

Begin Date: 2020-10-08

Under Contract Date: 2021-09-17

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

Property Features

Listing Office: Crary Real Estate

Last Updated: August - 29 - 2024

Information deemed reliable but not guaranteed.

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1101 5TH Avenue SE, Devils Lake, ND 58301 (MLS# 20-1861)