4600 Mckenzie Drive SE
Mandan, ND 58554
Closed
Property Description
Premier Investment Opportunity - 3 Luxury Lakewood Apartment Buildings
For $5,500,000, this 36-unit multifamily investment is an exceptional opportunity in the highly sought-after Lakewood community. The portfolio consists of three buildings, each housing 12 well-designed units built for modern living and long-term value appreciation. With the potential for condominium conversion and individual sales, this property is positioned for strong returns.
The property features in-unit laundry, central heating & air, and two-stall garages for tenant comfort and convenience. Within the 36 units, you will find 12 two-bedroom, one-bath units and 24 two-bedroom, two-bath units, catering to diverse tenant needs. Recent property-wide improvements, including new roofs and interior renovations, make this a low-maintenance, high-yield investment.
This turnkey asset delivers strong rental income in a high-demand market, ensuring excellent cash flow and consistent occupancy. The seller is offering a contract for deed option, making this a unique chance to acquire a high-performing property with favorable financing terms.
Take advantage of this outstanding investment opportunity in a thriving area. Contact us today for financials, rent rolls, and a private tour!
Property Details
Essential
- StatusClosed
- MLS#4018350
- Property TypeCommercial Sale
- Property Sub TypeMulti Family
- Property Size35,832 sqft
- Lot Size2.94 Acres
- Tax Amount$46,520
- Tax Year2024
- Data SourceGreat North MLS
