8-Unit Apartment Building For Sale - Scranton, ND

8-UNIT APARTMENT BUILDING FOR SALE

808 Main St. N - Scranton, ND

PRICE: $334,800

Property Note:  Rare investment opportunity in Scranton, ND! This complex is an 8-unit apartment building, 7 units consist of 2 bedrooms and 1 bathroom, living room and kitchen, 1 main level unit is a 1 bedroom, 1 bathroom, fully furnished unit. All units include a refrigerator, stove, and microwave, as well as a wall A/C unit.  Shared laundry on the main floor of the building! Additional 3-Stall garage and storage shed are also located on the property, as well as a rear parking lot for tenants. Contact Ali to schedule a private viewing!

Viewings will be by appointment only.

Contact:  Ali Pierce at 701.206.1046 or ali@pifers.com, or Pifer’s Auction & Realty at 701.523.7366 for more information and a complete catalog.

Property Information:

Address:  808 Main St. N - Scranton, ND

Legal:  Lots 5-6, Block 3, North Heights, Scranton, ND

​Building:  1970's (Complete renovation in 1997)

Sq. Ft.:  6792 (1st and 2nd story)

Heating:  Baseboard Electric

Cooling:  Window AC in each unit

Water: City Water and City Sewer 

Electricity: MDU

​Taxes (2022): $1692.71

Upper Level: 4 Units located on upper level - all units are 2 bedroom, 1 bathroom.  

Ground Level: 4 Units located on ground level - (3) are 2 bedroom, 1 bathroom, (1) is 1 bedroom, 1 bathroom and fully furnished.  Shared laundry located on this level. (Unit 1 is the smallest unit in the building)

Occupancy:  Currently this apartment building is 75% occupied, with two 2-Bedroom apartments still available for rent. Rent is $600/unit. Tenants are responsible for their own electric, internet, and phone expenses.  Garage spaces (3 Units) are available for an extra $50/month - currently all open.

Updates:  Complete renovation was completed in 1997.  Additional upkeep as needed has also been completed.

2024 Interior Updates:

Apartment 8: Installed new window blinds and 1 set of blackout curtains.

Apartment 6: Removed and replaced carpet.

Apartment 4: Installed suspended ceiling in bathroom.

2024 Exterior Updates:

Painted garden shed and trim.  Primed and painted north exterior wall.

Parking Lot:  Concrete, 3900 sq. ft.

Garage:  22 ft. x 36 ft.

Storage Building:  8 ft. x 10 ft.