1573 10Th Ave, Dickinson, ND 58601
3 Multifamily Properties in Dickinson, ND
For Sale
Active
- Sale Condition
- 1031 Exchange
- Property Type
-
Multifamily
- Square Feet
- 98,657 SF
Listing Contacts
Chris Missling
Theresa Hart
Amelia Bjorklund
Property Overview
**** Assumable 3.60% Financing****
Available for purchase, City Walk Apartments presents a truly unique opportunity to own three multifamily properties in Dickinson, ND. There
are seventy-two (72) units comprising 2 unique floor plans across thirteen (13) one-bedroom and fifty-nine (59) two-bedroom, residences. This property offers a diverse mix catering to various needs. There is ± 55,000 SF on ± 3.78 Acres total.
Constructed in 1980 and situated on 3.78 Acres, City Walk Apartments enjoys locations across three (3) parcels. Each building is located
in downtown Dickinson and near national retailers like; Walmart, Runnings, O’Reilly Autoparts, the Prairie Hills Mall, Pizza Ranch, etc. The
Properties are two (2) blocks away from Hewson Park and North Park Campground.
City Walk Apartments offers well-maintained grounds and buildings, providing a welcoming environment for residents. Features such as
garage spaces, new balconies, and the accessibility to I-94 and Hwy 22 increases the overall convenience and desirability to tenants.
Inside the apartments, residents enjoy spacious layouts, one and two-bedroom units, with building laundry facilities, and microwave /
dishwashers. With an average scheduled rent of $900, and a historical near 100% occupancy rate, City Walk Apartments presents a
compelling investment value-add opportunity for multifamily real estate investors seeking legacy assets in the heart of Dickinson.
Furthermore, an investor will have the lucrative ability to invest capital via in-unit upgrades and a common area refresh through a strategic
value add acquisition which should provide a new proforma. New ownership also can reduce the operating expenses significantly and
bring each unit to market rate for the potential increase in NOI by $200,000 which would provide for a healthy ROI for many years to
come.
Available for purchase, City Walk Apartments presents a truly unique opportunity to own three multifamily properties in Dickinson, ND. There
are seventy-two (72) units comprising 2 unique floor plans across thirteen (13) one-bedroom and fifty-nine (59) two-bedroom, residences. This property offers a diverse mix catering to various needs. There is ± 55,000 SF on ± 3.78 Acres total.
Constructed in 1980 and situated on 3.78 Acres, City Walk Apartments enjoys locations across three (3) parcels. Each building is located
in downtown Dickinson and near national retailers like; Walmart, Runnings, O’Reilly Autoparts, the Prairie Hills Mall, Pizza Ranch, etc. The
Properties are two (2) blocks away from Hewson Park and North Park Campground.
City Walk Apartments offers well-maintained grounds and buildings, providing a welcoming environment for residents. Features such as
garage spaces, new balconies, and the accessibility to I-94 and Hwy 22 increases the overall convenience and desirability to tenants.
Inside the apartments, residents enjoy spacious layouts, one and two-bedroom units, with building laundry facilities, and microwave /
dishwashers. With an average scheduled rent of $900, and a historical near 100% occupancy rate, City Walk Apartments presents a
compelling investment value-add opportunity for multifamily real estate investors seeking legacy assets in the heart of Dickinson.
Furthermore, an investor will have the lucrative ability to invest capital via in-unit upgrades and a common area refresh through a strategic
value add acquisition which should provide a new proforma. New ownership also can reduce the operating expenses significantly and
bring each unit to market rate for the potential increase in NOI by $200,000 which would provide for a healthy ROI for many years to
come.
Highlights
- Seventy-Two (72) Units across Three (3) Buildings
- 98.6% Occupancy
- On-Site Management/Maintenance
- Controlled Building Access & 24 Hour Maintenance
- Proximity to National & Local Retailers - located in the heart of Dickinson, ND
- On-Site Laundry
All available spaces
- Space
- Size
- 6,052 SF
- Space Subtype
- Multifamily
- Space
- City Walk
- Size
- 72,000 SF
- Space Subtype
- Multifamily
- Space
- Size
- 20,605 SF
- Space Subtype
- Multifamily
Nearby Properties
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