Things have started to pick back up in Western North Dakota, and prices are starting to move back up after a few years of consolidation. This is an amazing opportunity to acquire income producing investment properties at rock bottom with limited risk or work.
We are offering two beautiful fully occupied twin homes for sale. These “side by side” homes are individually deeded dwellings that have long-term tenants in place. Make no mistake, these are individual homes with yards and decks—not apartments or duplex units. Single family inventory in the areas is still tight. Newer homes are becoming in high demand.
Investors have a once in a lifetime opportunity to acquire quality income-generating properties at a deep discount to the builders cost while receiving positive cash flow each month. The properties were constructed in 2013 and have been fully occupied since that time.
The properties conform to FANNIE and FREDDIE residential lending programs and should have solid cash flow using conforming financing programs at historically low rates. Lock in low long term interest rates now as rents go back up.
Seller acquired a larger portfolio of twin homes directly from the builder during the construction and is the only owner of the properties. During that period, even during the slowdown, the properties maintained 100% occupancy and have been a very profitable investment over the years. The owner recently started to divest a few units each year to diversify his portfolio. The seller is willing to provide an income guarantee to any buyer for a period of one year if current management company is retained.
You may also inquire about similar twin home investment properties also available for purchase in Minot, North Dakota. Contact Dave Keller for more information by phone, email, or by clicking the "Get Price Now" button at the top of this page.
Dave Keller is a Pifer's Auction & Realty's Commercial Real Estate Realtor specializing in large commercial buildings and development land. Contact Dave today for all of your commercial real estate needs!
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