Deed Transfer to DELJRN ESTATES LLC / Property Sale

Highlights:

• - 3,700 SF building
• - 8 units
• - Built in 1955
• - Renovated in 2024
• - Zoned R-4
• - Located in the Grand Forks area
• - Attractive curb appeal
• - Modern amenities
• - Stable rental income
• - Low maintenance costs
• - Historic charm
• - Strong investment potential

Description:

Prime investment opportunity in Grand Forks, ND! This renovated property offers 8 units, built in 1955 and recently refurbished in 2024. Each unit has in-unit laundry and is separately metered for all utilities. With a 9.82% Pro Forma CAP rat, $0 in utilities expense and 7/8 units full, this property promises both immediate returns and long-term appreciation potential. Don't miss the chance to add this multifamily investment asset to your portfolio.

Located in the heart of Grand Forks, ND, this property offers exceptional access to one of the region’s most dynamic commercial and cultural hubs. Just minutes from the University of North Dakota, downtown Grand Forks, and the scenic Red River, the area combines business opportunity with vibrant lifestyle appeal. High-profile venues like the Alerus Center and Ralph Engelstad Arena draw consistent traffic and energize the local economy.

Property is connected to city water and sewer systems. Electrical system updated in 2025, meeting current code requirements. Natural gas service available on site. Broadband internet access via cable. Heating and cooling provided by ductless FHA/AC units.

Located in a well-established residential neighborhood of Grand Forks, this property benefits from quiet surroundings with convenient access to downtown amenities. The site features a rectangular lot with approximately 50 feet of frontage along Seward Avenue and is not a corner parcel, offering privacy and limited through-traffic. Nearby public transportation routes and walkable streets connect residents to the University of North Dakota, local shops, and recreational areas. The property sits within a strong community with easy access to major roadways including U.S. Highway 2 and Interstate 29, making it an attractive location for multi-family residential living.

Electrical system updated in 2025, including repairs and compliance with current codes.

323 SEWARD AVE LOT 2 & W1/2 OF VAC ALLEY B18 ADJ THERETO, SKIDMORE ADDITION
(323 Seward Ave Lot 2 & W 1/2 of Vacated Alley Adjacent Thereto, Block 18, Skidmore Addition)

Natural gas

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