In 1981, Bianco Realty started with a small downtown Bismarck office, coffee maker, and a BIG desire to help people with their real estate needs. What started with a handful of realtors is now a thriving brokerage with over 40 one-of-a-kind realtors.
Bianco Realty Contact Information: BIANCO REALTY, INC. 601 East Bismarck Expressway
Bismarck, ND 58504 Phone: (701) 224-1100 Toll Free: 1-877-Bianco-7 Fax:(701) 222-1124 info@BiancoRealty.com
PACKAGE SALE! Rare 18-unit multifamily investment opportunity in central Bismarck! Offered at $1,500,000, this portfolio includes two adjacent apartment buildings. 611 N 6th features 5 units and 615 N 6th features 13 units, for a total of 18 units. A 20x12 detached garage is also on site for added storage. The properties have been under the same ownership since the early 1990s, with a history of stable occupancy, consistent maintenance, and numerous capital improvements.
Current rents have intentionally been maintained below market, providing significant value-add potential for the next owner. The portfolio consists primarily of one-bedroom apartments, providing workforce housing in a convenient central Bismarck location near downtown, the State Capitol, major employers, healthcare/hospitals, shopping, restaurants, and public transportation.
At the $1,500,000 offering price, the portfolio is priced at approximately $83,333 per unit. Rent roll, utility history, tax statements, capital improvement records, lease information, financial documentation, and operating expense history are available for due diligence.