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 8.5% cap rate. Property eligible for Renaissance Zone Incentives.
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0BEDS
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0.32ACRES
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0BATHS
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01/2 BATHS
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5,445SQFT
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$59$/SQFT
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 8.5% cap rate. Property eligible for Renaissance Zone Incentives.
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