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217 Chestnut St

8 Unit Apartment Building $1,345,000 ($168,125/Unit) 9.24% Cap Rate Grand Forks, ND 58201

Investment Highlights

  • Tuckpoint repairs where needed on exterior brick
  • Central air added in all units
  • New deck system
  • Landscape in front of deck area

Executive Summary

8 Unit Multi-Family Apartment for Sale!
Unit Mix and Description
Unit 217 - 3 Bed/1.5 Bath - 1,500 SF - $1,330 per month
Unit 219 - 3 Bed/1.5 Bath - 1,810 SF - $1,230 per month
Unit 221 - 3 Bed/1 Bath - 1,390 SF - $1,095 per month
Unit 223 - 3 Bed/1 Bath -1,890 SF - $1,395 per month
Unit 322 - 3 Bed/ 1.5 Bath - 1,560 SF - $1,295 per month
Unit 320 - 3 Bed/1 Bath - 1,560 SF - $1,295 per month
Unit 318 - 3 bed/1.5 Bath - 1,890 SF - $1,230 per month
Unit 316 - 3 Bed/1 Bath - 1,540 SF - $1,295

Property Facts

Price $1,345,000
Price Per Unit $168,125
Sale Type Investment
Cap Rate 9.24%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.32 AC
Building Size 16,608 SF
Average Occupancy 100%
No. Stories 3
Year Built 1903
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Deck
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
44300400074000
Land Assessment
$35,000
Improvements Assessment
$280,000
Total Assessment
$315,000
  • Listing ID: 33872717

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: 217 Chestnut St, Grand Forks, ND 58201

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