2316 Broadway Avenue E
Bismarck, ND, 58501 $ 927,000
Bedrooms17 Baths15.0 Sq 6,544 Monthly Estimate*
$ 6,161
for $927,000 with 17 bedrooms and 15 full baths. This 6,544 square foot home was built in 1955 on a lot size of 0.482.
Great Opportunity to own your own business with Mark V Studio Apartments this consists of 15 units can be used as a Motel, Hotel, Extended Stay or monthly or long-term rentals in the heart of Bismarck that's Centrally Located near shopping, downtown facilities, job placement services, salons, health care, & more. This investment has been updated throughout every unit and has been in the family since 1980. These units are all on a month to month, no leases, background checks for safety and security deposits for cleaning. Tenants love this private setting, location & management and currently three units have stayed since 2004, 2005 and the longest tenant stayed is approx. 20 years (WOW)! These 15 apartments feature: 2- one bedroom & one bathroom includes a shower, 12- studio's & one bathroom that includes a shower. All these units are FULLY FURNISHED which include bed, recliner, table, kitchen with fridge, microwave, some have a range, utensils, towel sets, coffee pot and etc. These updated units are all fully equipped with everything you need like an extended stay facility. Also includes one large LIVING QUARTERS excellent for modernized living for the owner, management staff or a luxury rental that consists of 3 bedrooms, full bath with tub shower combo, modern updates, tons of built in storage & upgraded stainless steel appliances that include range, fridge, microwave & dishwasher. Also includes a movable electric fireplace, shared entry way, attached laundry, primary bedroom with tray ceiling & wood accents. This is large enough to feel like a single-family home. This unit is private with attached common area for rental management and laundry that are coin operated includes 2 washers, 2- dryers and individual storage compartment with lock and key. This high- occupancy investment has no need for full time employees. Low Maintenance and all utilities are paid by the owner so very easy to manage. This property also consists of a 280 sqft garage, 600 sqft car carport, shed and attached outdoor storage. This Location is surrounded by commercial opportunities, an emergency snow route, shaped like a U so it feels more like a private setting. In the last few years the seller put in several updates including west & north siding, exterior painting, shutters, carpet, painting- 3 apartments, living quarters, entry & laundry room, #5 & #9 full remodel & #8 remodel in process, driveway on west side approx. over $40,000 in updates. With this excellent ownership every year they continued to maintain and modernize this incredible investment property. If all these units are rented the CAP Rate is excellent. This investment has huge potential to make even more. Call agent for rent rolls & expenses. Don't miss this opportunity of a lifetime to own this EXCELLENT WELL-KEPT PROPERTY.
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Single Family ActiveApartment Style,Main Floor Unit,Ranch
FeaturesInteriorInterior Features Ceiling Fan(s) Main Floor Bedroom Main Floor Laundry See Remarks Smoke Detector(s) TV Mounts and Hardware Window Treatments
Basement None
Flooring Carpet Laminate Linoleum Vinyl
Fireplace No
Total Baths 15.00
Half Baths 0
Total Full Baths 1
Total 3/4 Baths 14
List Price/SqFt 141.66
Total 1/4 Baths 0.00
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GeneralSewer Public Sewer
Heating Electric Forced Air Natural Gas
Cooling Central Air Wall/Window Unit(s)
Utilities Cable Connected Electricity Connected Natural Gas Connected Phone Connected See Remarks Sewer Connected Trash Pickup - Public Water Connected
Roof Metal
Appliances Dishwasher Electric Cooktop Microwave Range Refrigerator Washer
Garage Yes
Zoning COMMERCIAL
Number of Garage Spaces 1.00
HOA No
Architctural Style Apartment Style Main Floor Unit Ranch See Remarks
County Burleigh
Levels One
Property Type A
Area Bismarck City
Sub Area Bismarck City NE
Accessibility Features Yes
Status Active
Lot Sqft 21000.00
Construction Materials Steel Siding Vinyl Siding
Sub Type Multi Family
Year Built 1955
Directions WEST ON BROADWAY ON THE NORTH SIDE OF THE STREET
City Bismarck
Taxes 5999.00
Legal Description S 15 OF LOT 7 & ALL LOTS 8-12 BLOCK 38 GOVERNOR PIERCE ADDITION NUMBER 105
Street Name Broadway
Coming Soon Great Opportunity to own your own business with Mark V Studio Apartments this consists of 15 units can be used as a Motel Hotel Extended Stay or monthly or long-term rentals in the heart of Bismarck
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ExteriorExterior Features Keyless Entry Other Private Entrance
Lot Features Lot - Owned Other See Remarks
Fencing None
Lot Dimensions 140X150
Other Structures Other Shed(s)
Water Source Public
Parking Features Attached Carport Detached Drive Through Garage Faces Side Other Oversized See Remarks
Lot Acres 0.4820
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* Excluded FeaturesList ByBianco Realty, Inc.Broker
tori@biancorealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,161
- Monthly Property Taxes
- $500
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Bismarck, ND
Average List Price $520,670
Percent of Sale Price 44%
About Bismarck, ND 70,887 Population
27% Since 2002
$ 62,145 Median Income
39.15 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
2403247 Elementary School
2403252 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
11/2/2023 | $927,000 | | Listed Price |