Bought with Nathan A Engh Realty One Group - Encore
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4600 Mckenzie DR SE Mandan, ND 58554
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Key Details
Sold Price $5,165,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 35,832 sqft
Price per Sqft $144
MLS Listing ID 4018350
Sold Date 08/20/25
Style Apartment Style
Year Built 2002
Annual Tax Amount $46,520
Lot Size 2.943 Acres
Acres 2.94
Property Sub-Type Multi Family
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!
Location
State ND
County Morton
Area Mandan City
Direction From Memorial Hwy, Turn South on 40th Ave SE, Turn East on McKenzie Drive SE, Property is located on the left hand side
Rooms
Basement None
Interior
Heating Boiler, Forced Air, Natural Gas
Cooling Central Air
Flooring Vinyl, Carpet, Laminate, Linoleum
Exterior
Exterior Feature Rain Gutters, Balcony, Lighting
Parking Features Detached, Garage Door Opener, Lighted, Driveway, Additional Parking, Concrete
Garage Spaces 72.0
Fence None
Utilities Available Natural Gas Connected, Sewer Connected, Water Connected, Trash Pickup - Public, Cable Connected, Electricity Connected
Roof Type Shingle,Asphalt,Fiberglass
Total Parking Spaces 72
Garage Yes
Private Pool No
Building
Lot Description Sprinklers In Front, Sprinklers In Rear, Landscaped, Lot - Owned, Rectangular Lot
Story Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Apartment Style
Structure Type Aluminum Siding
Others
Tax ID 65-1804230
Acceptable Financing Cash, Contract for Deed
Listing Terms Cash, Contract for Deed
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