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Multifamily HUD

Stanford Manor

1110 Stanford Rd, Grand Forks, ND 58203

Listing Price: $2,600,000

Cap Rate
7.41%
Number of Units
50
Price/Unit
$52,000

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of Stanford Manor, a 50-unit multifamily property located in Grand Forks, North Dakota. Stanford Manor is being offered for sale on a free-and-clear basis. Constructed in 1971, Stanford Manor sits on 1.40 acres and consists of two studios at 425 square feet, 30 one-bedroom/one-bathroom units at 600 square feet, and 18 two-bedroom/one-bathroom units at 850 square feet. Property amenities include on-site laundry facilities, controlled access, and ample off-street parking. The units are equipped with air conditioning, dishwashers, and private balconies in select units. Stanford Manor is located in the northern part of Grand Forks near many restaurants, businesses, schools and event centers. Less than a mile away sits the University of North Dakota which offers over 225+ academic programs and 126 graduate degrees for 13,876 students. Other nearby attractions include Ralph Engelstad Arena (1 mile), Alerus Center (1.9 miles), Altru Hospital (2.6 miles), Downtown Grand Forks (2.7 miles) and Grand Forks Air Force Base (14.5 miles). Stanford Manor is conveniently located along the Grand Forks Cities Area Transit (C.A.T) line enabling easy access to the University, local businesses, and entertainment. The property also sits less than a mile away from major highways such as Interstate 29 and U.S. Highway 2. This offering presents an opportunity to acquire a well-maintained asset located in the city of Grand Forks, North Dakota.

Investment Highlights

  • Proximity to University of North Dakota
  • Controlled Access
  • Balconies in Select Units | Dishwashers | Laundry Facilities On-Site

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) ND: 10032

    North Dakota

Financing By

Multifamily HUD

Stanford Manor

Listing Price: $2,600,000

Cap Rate
7.41%
Number of Units
50
Price/Unit
$52,000

Investment Highlights

  • Proximity to University of North Dakota
  • Controlled Access
  • Balconies in Select Units | Dishwashers | Laundry Facilities On-Site

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of Stanford Manor, a 50-unit multifamily property located in Grand Forks, North Dakota. Stanford Manor is being offered for sale on a free-and-clear basis. Constructed in 1971, Stanford Manor sits on 1.40 acres and consists of two studios at 425 square feet, 30 one-bedroom/one-bathroom units at 600 square feet, and 18 two-bedroom/one-bathroom units at 850 square feet. Property amenities include on-site laundry facilities, controlled access, and ample off-street parking. The units are equipped with air conditioning, dishwashers, and private balconies in select units. Stanford Manor is located in the northern part of Grand Forks near many restaurants, businesses, schools and event centers. Less than a mile away sits the University of North Dakota which offers over 225+ academic programs and 126 graduate degrees for 13,876 students. Other nearby attractions include Ralph Engelstad Arena (1 mile), Alerus Center (1.9 miles), Altru Hospital (2.6 miles), Downtown Grand Forks (2.7 miles) and Grand Forks Air Force Base (14.5 miles). Stanford Manor is conveniently located along the Grand Forks Cities Area Transit (C.A.T) line enabling easy access to the University, local businesses, and entertainment. The property also sits less than a mile away from major highways such as Interstate 29 and U.S. Highway 2. This offering presents an opportunity to acquire a well-maintained asset located in the city of Grand Forks, North Dakota.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): ND: 10032

    North Dakota

Financing By

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