400 East Broadway Avenue

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400 East Broadway Avenue

Bismarck, ND 58501
Asking Price
$3.00M
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

**Address Listed on Crexi is Listing Brokerage Office Address - Not Portfolio Address's** <h3>Investment Highlights - Confidential Listing</h3><ul><li>​<strong>70-unit stabilized, cash-flowing multifamily portfolio</strong> across three properties in two complementary North Dakota markets</li><li>​<strong>Durable in-place income</strong> with an attractive going-in yield relative to the asking price (detail provided under confidentiality agreement)</li><li>​<strong>Consistently high historical occupancy</strong></li><li>​<strong>Turnkey / capex complete</strong> — all major capital i

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.90%
Monthly Payment
$14,842.363
Annual Cash Flow
$-98,108.358

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