$305,000
Lisbon, ND 58054
MLS# 6412905
Status: Closed
2 beds | 1 baths
1 / 47
Property Description
An excellent investment opportunity awaits in St. Aloysius, an 8-plex multi-family residential facility in Lisbon, ND. Featuring four 2-bedroom and four 1-bedroom units, this turn of the century building once served as a school and was converted in 1979 into apartments. Highlights include many updates to the units in this 3-story building, coin-operated laundry, a four-stall attached garage, 5 off-street parking spaces, and recently replaced roof. St. Aloysius is professionally managed with great occupancy rates and is offered at a 8.4% cap rate. Property eligible for Renaissance Zone Incentives.
Details
Maps
None
MLSID: RMLS
Contract Information
Digitally Altered Photos: No
Status: Closed
Off Market Date: 2024-05-02
Current Price: $305,000
Closed Date: 2024-05-01
Sales Close Price: 305000
Contingency: None
ListPrice: 299900
List Date: 2023-08-09
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: GLAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 5
Owner Occupied: No
Year Built: 1902
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 2
Baths Total: 1
Foundation Size: 1815
Garage Stalls: 4
For Sale or Lease: For Sale
Acres: 0.32
Lot Dimensions: 100x140
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: Lots 12, 13, 14, 15, 16 & 17 Blk 026 COLTON'S 3RD ADDITION; CITY OF LISBON, LESS E 10', ALSO S 1/2 VACATED ALLEY RUNNING
Listing City: Lisbon
Map Page: 999
Municipality: Lisbon
Rental License?: Yes
House Number: 809
Street Name: Oak
Street Suffix: Street
Postal City: Lisbon
County: Ransom
State: ND
Zip Code: 58054
Zip Plus 4: 3910
Property ID Number: 285101000
Complex/Dev/Subdivision: Coltons 3rd Add
Tax Year: 2023
Tax Amount: 4065.9
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: An excellent investment opportunity awaits in St. Aloysius, an 8-plex multi-family residential facility in Lisbon, ND. Featuring four 2-bedroom and four 1-bedroom units, this turn of the century building once served as a school and was converted in 1979 into apartments. Highlights include many updates to the units in this 3-story building, coin-operated laundry, a four-stall attached garage, 5 off-street parking spaces, and recently replaced roof. St. Aloysius is professionally managed with great occupancy rates and is offered at a 8.4% cap rate. Property eligible for Renaissance Zone Incentives.
Directions: From 32 and 8th Ave W, head west. Property ahead on the left.
Additional Parcels Information
Property ID #2: 285100000
Property ID #3: 285096000,285098000,285097000,20599000
Assessments
Assessment Balance: 4867.58
Tax With Assessments: 4552.72
Basement
Foundation Dimensions: 33x55
Building Information
Building Finished SqFt: 5445
Building SqFt: 5445
Ceiling Height: 8-10
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: GLAR
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Leases
Unit 1
Unit Number: 6
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Leased?: Yes
Lease Expiration Date: 2024-07-31
No. of 1 Bedroom Units: 4
Unit 2
No. of 2 Bedroom Units: 4
Unit Details
Total Units: 8
Property Features
Accessible: None
Air Conditioning: Window
Amenities Shared: Coin-op Laundry Owned
Amenities Unit: Cable; Ceiling Fan(s); Kitchen Window
Appliances: Electric Water Heater; Range; Refrigerator
Basement: Finished (Livable); Full; Stone
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone
Financing Terms: Contract For Deed
Fuel: Electric
Heating: Baseboard
Lock Box Type: SentriLock
On Site Utilities: Electric Separate; Heating Separate; Hot Water Common
Parking Characteristics: Parking Lot; Attached Garage
Rental License Type: Standard
Road Frontage: City Street
Roof: Asphalt Shingles
Sewer: City Sewer/Connected
Stories: Three Or More
Water: City Water/Connected
Listing Office: eXp Realty
Last Updated: May - 02 - 2024
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