Dinneen Apartments For Sale
416 Second Avenue NE, Steele, Kidder County, North Dakota
Looking for a Great Income Earning Investment? Now available, this Clean 8 Unit Apartment Complex known as the Dinneen Apartments includes 6,754 sq. ft. built in the early '80's on 6.5 lots in the northeast corner of Steele, ND. The Complex has a Commons Area with a Kitchenette and Guest Handicap Accessible Bathrooms along with a nice Sittting Area. Each Unit is 1 Bedroom/1 Bath with a Living Room and a Kitchen w/Eat-In Dining, Pantry, Electric Range & Refrigerator. Two On-Premise Coin Operated Laundry and Storage Rooms are also available to Tenants. Garden Shed for Groundskeeper Equipment is also included. Seller's Asking Appraised Value of $267,000.
Legal Description: Lots 1 thru 6; North 1/2 of Lot 7 Block 51 W F Steele's Addition, consisting of up to 22,750 square feet of land in Steele, Kidder County, North Dakota
Location: From Bismarck, ND travel 40 miles East on Interstate 94 to Exit 200, or from Jamestown, ND travel 60 miles West on Interstate 94 to Exit 200. Turn South on Mitchell Avenue and travel to 4th Street NE. Turn East on 4th Street NE and travel 2 blocks to 2nd Avenue NE to the Northeast corner of the property. (See Map)
Annual Income: According to the available Records, the Annual Income was $39,290.18 in 2019 including Subsidies Paid from North Dakota Housing Finance Agency. Currently 6 of the 8 Units are Leased with 2 Vacancies. These Vacancies are ready to Rent or could be used/converted to On-Premise Management.
Real Estate Taxes: Most Recent Real Estate Taxes were $3,202.75/year which includes the 5% discount if paid by February 15th.
IMPROVEMENTS: This Property is very Clean and well Maintained. It is currently managed by a Management Company out of Bismarck that hires local Caretakers and Maintenance Personal. Seven of the 8 units are Air Conditioned with Wall A/C and some have Ceiling Fans in the Living Room and/or Bedroom. Each Unit has an Electric Range, Oven Hood and Refrigerator. There are 3 Water Heaters - one for the Common Area and one for each Complex end. The Complex is heated by Hot Water Heat with 2 Boilers, one on each end with 1 Boiler New in 2019. There is also a Garden Shed on the NW corner of the Property that is included for Groundskeeper Equipment.
Seller's Asking Appraised Value of $267,000.
Aerial Map of Complex
Drone View from NE Corner of Complex
Drone View from SE Corner of Complex
Drone View showing Tenant Parking located behind Complex
Street View of the front of the Complex
Commons Area with Kitchenette
Hallway from Commons Area to Guest Restrooms and Back Entrance
Women's Guest Handicap Accessible Restroom
Men's Guest Handicap Accessible Restroom
Hallway for Units
Living Room for Unit #1
Kitchen/Dining of Unit #1
Kitchen/Dining of Unit #1 from Living Room
Pantry/Closet in Unit #1
Hallway between Bathroom and Bedroom off of Living Room in Unit #1
Bedroom in Unit #1
Another View of Bedroom
Full Bathroom in Unit #1
Unit #2 Living Room, another view
Unit #2 Living Room, Ceiling Fan & A/C
Unit #2 Kitchen Dining to Living Room
Unit #2 Kitchen with Dining Area
Unit #2 Bedroom
Unit #2 Full Bathroom
Hallway from Commons Area to Units on North End
Laundry Area with Storage Room for Units on North End
Second Luandry Area with Storage for Units on South End
Electrical Utility Room
Water Utility Room with Water Heater for Commons Area and Guest Restrooms
North End Furnace/Boiler Room
South End Furnace/Boiler Room
If you have questions or would like to set up an Appointment to view this Property, please contact Chauncey Turner at 701-220-3430 or email firstname.lastname@example.org
Prairie Rose Realty Inc. is representing the Sellers in this transaction. All information has been gathered from sources considered reliable, however cannot be guaranteed by Prairie Rose Realty Inc.