An exceptional, turn-key investment opportunity consisting of a 17 unit apartment building with 5 detached garage stalls. Building offers 11 one bed/one bath units and 6 two bed/one bath units. Coin operated laundry. Lisbon is a thriving community with a hospital, the state Veterans' Home, multiple manufacturing businesses, Lisbon school, a large sunflower processing plant to the North, 15 miles from Bobcat's manufacturing plant, and more. Property manager lives onsite. This great investment opportunity is about an hour from Fargo and boasts a 9+ CAP rate along with an almost 100% occupancy over the last many years.
| MLS # | 7134395 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1968 |
| Days On Site | 31 |
| Listing Provided By | Next Level Real Estate | Rich Olson |
| Bed(s) | 23 |
|---|---|
| Bath(s) | 17 |
| SQ Feet | 10,800 |
| Garage | 5 |
| Units | 17 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.53 |
| Cooling | Wall Unit(s) |
|---|---|
| Heating | Baseboard, Boiler |
| Lot Features | Corner Lot |
|---|
| Parking Features | Detached Garage, Parking Lot |
|---|
| Utilities | Heating Separate |
|---|
| Property | 9202 |
|---|
| State | ND |
|---|---|
| County | Ransom |
| City | Lisbon |
| Zip Code | 58054 |
| Community Name | Adams & Frees Add |
| School District | ND37019 |
| High School | Lisbon |
| Listing VS Median (in Adams & Frees Add) | |
Price: $975,000 low | high Med: $312,000 sqft: 10,800 low | high Med: 2,608 $ / sqft: $90 low | high Med: $121 On site: 31 low | high Med: 62 | |
| State | ND |
|---|---|
| County | Ransom |
| City | Lisbon |
| Zip Code | 58054 |
| Community Name | Adams & Frees Add |
| School District | ND37019 |
| High School | Lisbon |
| Listing VS Median (in Adams & Frees Add) | |
Price: $975,000 low | high Med: $312,000 sqft: 10,800 low | high Med: 2,608 $ / sqft: $90 low | high Med: $121 On site: 31 low | high Med: 62 | |
![]() | $675,00017 9th Avenue WLisbon, ND 58054 |