This fully occupied and well-maintained 6-unit apartment building in Kulm, North Dakota presents an excellent opportunity for investors seeking cash flow in a rural rental market. The property features six spacious 2-bedroom, 1-bathroom apartments, each equipped with in-unit washer and dryer hookups, providing convenience and long-term tenant appeal. The entire building underwent a full renovation in 2014, offering updated interiors and reduced near-term capital expenditure concerns.In addition to the residential units, the property includes a three-stall garage, with each stall separately rented for storage, creating an additional income stream.Whether you are expanding an existing portfolio or acquiring your first multi-family property, this turn-key 6-plex offers a chance to own a solid income-producing asset. Call today to view.
| MLS # | 7012042 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2014 |
| Days On Site | 261 |
| Listing Provided By | RE/MAX Now (Valley City) | James Jensen |
| Bed(s) | 12 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 6,832 |
| Garage | 3 |
| Basement | Y |
| Units | 6 |
| Zoning | Business/Commercial |
| Acreage | 0.29 |
| Cooling | Ductless Mini-Split |
|---|---|
| Heating | Baseboard |
| Roof | Metal, Unspecified Shingle |
|---|---|
| Lot Features | Corner Lot |
| Parking Features | Detached Garage |
|---|
| Utilities | Electric Separate |
|---|
| Property | 2799 |
|---|
| State | ND |
|---|---|
| County | LaMoure |
| City | Kulm |
| Zip Code | 58456 |
| School District | ND23007 |
| High School | Kulm |
| Listing VS Median (in 58456) | |
Price: $374,000 low | high Med: $374,000 sqft: 6,832 low | high Med: 6,832 $ / sqft: $55 low | high Med: $55 On site: 261 low | high Med: 261 | |
| State | ND |
|---|---|
| County | LaMoure |
| City | Kulm |
| Zip Code | 58456 |
| School District | ND23007 |
| High School | Kulm |
| Listing VS Median (in 58456) | |
Price: $374,000 low | high Med: $374,000 sqft: 6,832 low | high Med: 6,832 $ / sqft: $55 low | high Med: $55 On site: 261 low | high Med: 261 | |