1/15

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1/15

Minot, ND 58703
Asking Price
$1.09M
Asset Type
Multifamily
Class
Class B

What's Special

1/15 is situated in a central residential pocket of Minot, North Dakota, characterized by a mix of single-family homes and small-scale apartment buildings. The property provides convenient access to the North Hill area and the downtown commercial core via nearby arterial roads and local bus routes. Residents are within a short drive of essential amenities, including the Town & Country Shopping Center, grocery retailers, and local parks. The site is also positioned within reasonable commuting distance to the Minot International Airport and the Minot Air Force Base. The asset is structured for multifamily residential use, well-suited for long-term rental configurations. Given the proximity to major employment hubs and regional medical facilities, the location typically attracts a tenant profile consisting of service industry professionals, healthcare staff, and military personnel. The property’s placement near educational institutions also makes it viable for small households or students seeking proximity to campus. The layout supports stable residential occupancy within a mature neighborhood.

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NOI
$80,000
Cap Rate
7.35%
DSCR
1.24
Tight
Cash-on-Cash
4.71%
Monthly Payment
$5,385.106
Annual Cash Flow
$15,378.726

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