NOT LISTED FOR SALE

301 3rd St NW Parshall, ND 58770

3 Beds
2 Baths
1,201 Sq Ft
49,746 Sq Ft Lot

Last Sold January 19, 2024

95 Days on Market

Highlights

  • Porch
  • Washer and Dryer
  • Heating Available
  • 1-Story Property

About This Home

As of January 2024

Introducing an exceptional investment opportunity in the Parshall. This complex comprises four 3-bedroom, 2-bathroom duplex units and two 2-bedroom, 1-bathroom duplex units, offering an incredible 8% cap rate. This property is poised to deliver both financial prosperity and social responsibility. Property Highlights: Spacious Living: Each of the four 3-bedroom, 2-bathroom units offers generous living spaces, perfect for attracting quality tenants. The two 2-bedroom, 1-bathroom units are equally inviting, providing comfortable accommodation options for renters. Investor's Dream: This portfolio boasts a solid history of consistent rental income and favorable tenant retention. The 8% cap rate showcases its impressive income potential, making it an enticing addition to any investment portfolio. Equal Opportunity Housing: Committed to promoting diversity and inclusion, these duplexes meet all equal opportunity housing criteria. You can rest assured that your investment aligns with ethical principles. Prime Location: Conveniently situated in Parshall, these duplexes benefit from proximity to schools, parks, shopping, and Lake Sakakawea, ensuring strong tenant demand. Take advantage of this unique opportunity. Contact me today to schedule a private showing and explore the potential of this exceptional investment gem. Darrin Sand NextHome Legendary Properties 701-240-4000 Darrin@darrinsand.com Note: All property details and financial figures are approximate and should be independently verified by potential buyers.

Last Agent to Sell the Property

Darrin Sand

NextHome Legendary Properties Listed on: 09/11/2023

NextHome Legendary Properties

Last Buyer's Agent

Darrin Sand

NextHome Legendary Properties Listed on: 09/11/2023

NextHome Legendary Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,479

Year Built

  • Built in 2011

Lot Details

  • 1.14

Home Design

  • Duplex
  • Concrete Foundation

Interior Spaces

  • 1,201 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Community Details

  • 12 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,479

Year Built

Built in 2011

Lot Details

1.14 Acres

Listing Details

  • Class: MULTI-FAMILY
  • Building Style: 1
  • Age: 11-15
  • Flooded: No
  • Year Built: 2011
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Of Bedrooms: 3
  • Bathrooms: 2
  • Appliances: Microwave, Refrigerator, Range/Oven, Washer and Dryer
  • Has Basement: Crawl
  • Foreclosure: No
  • Sq Ft Above Ground: 1201-1500
  • Basement Type: Duplex

Exterior Features

  • Exterior: Porch
  • Foundation: Concrete
  • Home Warranty: No

Garage/Parking

  • Driveway: Gravel
  • Garage 1: D1
  • Garage 2: None
  • Garage Capacity: 1
  • Garage Features: Opener

Utilities

  • Air Conditioner: Wall
  • Heating: Electric
  • Sewer: City
  • Hot Water: City

Condo/Co-op/Association

  • Units in Building: 12

Schools

  • School District: Parshall

Lot Info

  • Acres: Less
  • Zoning: Two Family Planned Unit

Rental Info

  • Annual Rent Income: 110,000

Tax Info

  • Taxes: 7,479
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2023
Closed on
Jan 19, 2024
Sold by
Parshall 2000 Inc
Bought by
Lucky Mound Properties Llc
Seller's Agent
Darrin Sand
NextHome Legendary Properties
Buyer's Agent
Darrin Sand
NextHome Legendary Properties
List Price
$480,000
Views
51

Purchase Details

Closed on
Dec 31, 2021
Sold by
Lss Housing Parshall Llc
Bought by
Parshall 2000 Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Interest Rate
2.35%
Mortgage Type
Construction
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Lucky Mound Properties Llc -- Title Team Llc
Parshall 2000 Inc $422,500 Ward Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parshall 2000 Inc $338,000
Closed Parshall 2000 Inc $226,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2024 01/19/24 Sold -- -- --
12/15/2023 12/15/23 Pending -- -- --
09/11/2023 09/11/23 For Sale $480,000 -- $400 / Sq Ft
Source: Minot Multiple Listing Service

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,203 $451,750 $9,800 $441,950
2024 $7,776 $451,750 $9,800 $441,950
2023 $7,064 $433,800 $9,800 $424,000
2022 $7,106 $433,800 $9,800 $424,000
2021 $4,762 $300,100 $9,800 $290,300
2020 $5,283 $300,200 $9,800 $290,400
2019 $5,048 $289,800 $14,700 $275,100
2018 $7,390 $401,450 $22,050 $379,400
2017 $5,994 $347,950 $17,000 $330,950
2016 $5,538 $347,950 $17,000 $330,950
2015 $5,050 $347,950 $17,000 $330,950
2014 $7,290 $345,100 $14,150 $330,950
2013 $7,290 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Minot Multiple Listing Service

MLS Number: 231545

Minot Multiple Listing Service

APN: 58-0026100

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