Ellie Apartments
$1,025,000
301 6th St S, Moorhead, MN 56560
16,965 sqft
Building Size
0.6358 acres
Lot Area
Details:
Highlights:
- 16,965 SF building
- 18 units + 10 garages
- Excellent rental history
- Great Downtown Moorhead location
Description:
Introducing a prime investment opportunity in the heart of Moorhead, MN. This impressive property boasts a 16,965 SF building featuring 18 well-maintained units, offering a lucrative investment potential for the discerning low-rise/garden investor. Built in 1968 and zoned RMD, the property is thoughtfully designed and boasts an impressive 94% occupancy rate, ensuring a steady and reliable income stream. With its desirable location and strong rental demand, this property encapsulates the essence of a sound multifamily investment, presenting an opportunity for immediate and long-term returns in the thriving Moorhead area.
Discover the vibrant community of Moorhead, MN, where the property is situated. Located within walking distance to popular venues such as Bluestem Center for the Arts, and the legendary M.B. Johnson Park. Moorhead offers a unique blend of urban amenities and natural beauty, ideal for attracting tenants seeking a multifamily living experience. Residents can enjoy a variety of dining options, cultural events, and outdoor activities along the Red River. With its thriving local economy and renowned educational institutions, this location presents an attractive opportunity for investors seeking to tap into the growing demand for high-rise living in this dynamic city.
Location
