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Multifamily

Desoto Estates

3550 S 17th St, Grand Forks, ND 58201

Listing Price: Request For Offer

Number of Units
68
Occupancy
95.0%
Gross SF
66,160

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listings of Desoto Estates, Desoto Townhomes, and 2 parcels of land located in Grand Forks, North Dakota. These properties and land parcels are being offered for sale on a free-and-clear basis. Desoto Estates, constructed in 2014, sits on 3.78 acres and is comprised of 3 studio units at 560 square feet, 35 one-bedroom/one-bathroom units at 688 square feet, 22 two-bedroom/one-bathroom units at 957 square feet, and 8 two-bedroom/one and three quarters bathrooms at 1,1 14 square feet, totaling 68 units. The units themselves feature dishwashers, garbage disposals, and washer/dryers, as well as large balconies on select units. Other notable amenities include an attached heated parking garage, controlled access entry, and additional storage units. Desoto Townhomes, constructed in 2014, sits on 2.55 acres and is comprised of 12 one-bedroom/one-bathroom units at 708 square feet, 4 two-bedroom/two-bathroom units at 1,119 square feet, and 8 three-bedroom/two-bathroom units at 1,305 square feet, totaling 24 units. Each unit offers a dishwasher, washer/dryer, private heated garage, private entry, individual HVAC, and patio or balcony. The city of Grand Forks, located in eastern North Dakota, sits along the Red River and boarders it’ s Minnesota twin-city East Grand Forks. Home to the University of North Dakota and a world class healthcare system, this city offers big-city amenities with a small-town feel. It has been countlessly voted Best Place to Live in North Dakota, #1 College Town in North Dakota, and Most Secure U.S. Places. The University of North Dakota offers baccalaureate degrees in 90 areas, master ’s degrees in 67 programs and doctorate degrees in 38. Over the past 50 years Grand Forks has created a great partnership with Grand Forks Air Force Base, giving the town 2,500 jobs, a payroll of $90 million, and a total economic impact near $250 million. Located in a high growth area and just one block of f Highway 81, Desoto Estates, Townhomes, and land parcels are near many shopping centers, businesses, restaurants and bike trails. Less than 1 mile away sits Natural Grocers (0.4 miles), Lithia Toyota of Grand Forks (0.6 miles), Sam’s Club (0.6 miles), Walmart Supercenter (0.7 miles), and AMC Movie Theatre (0.9 miles). Less than 2 miles away sits Target (1.4 miles), Colombia Mall (1.5 miles), and King Walk’s Golf Course (1.9 miles).

Investment Highlights

  • Original Owner | Professionally Managed
  • Garage Parking - Designated / Private Stalls
  • Available Adjacent Land - 38+ Acres

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) ND: 10032

    North Dakota

Financing By

Multifamily

Desoto Estates

Listing Price: Request For Offer

Number of Units
68
Occupancy
95.0%
Gross SF
66,160

Investment Highlights

  • Original Owner | Professionally Managed
  • Garage Parking - Designated / Private Stalls
  • Available Adjacent Land - 38+ Acres

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listings of Desoto Estates, Desoto Townhomes, and 2 parcels of land located in Grand Forks, North Dakota. These properties and land parcels are being offered for sale on a free-and-clear basis. Desoto Estates, constructed in 2014, sits on 3.78 acres and is comprised of 3 studio units at 560 square feet, 35 one-bedroom/one-bathroom units at 688 square feet, 22 two-bedroom/one-bathroom units at 957 square feet, and 8 two-bedroom/one and three quarters bathrooms at 1,1 14 square feet, totaling 68 units. The units themselves feature dishwashers, garbage disposals, and washer/dryers, as well as large balconies on select units. Other notable amenities include an attached heated parking garage, controlled access entry, and additional storage units. Desoto Townhomes, constructed in 2014, sits on 2.55 acres and is comprised of 12 one-bedroom/one-bathroom units at 708 square feet, 4 two-bedroom/two-bathroom units at 1,119 square feet, and 8 three-bedroom/two-bathroom units at 1,305 square feet, totaling 24 units. Each unit offers a dishwasher, washer/dryer, private heated garage, private entry, individual HVAC, and patio or balcony. The city of Grand Forks, located in eastern North Dakota, sits along the Red River and boarders it’ s Minnesota twin-city East Grand Forks. Home to the University of North Dakota and a world class healthcare system, this city offers big-city amenities with a small-town feel. It has been countlessly voted Best Place to Live in North Dakota, #1 College Town in North Dakota, and Most Secure U.S. Places. The University of North Dakota offers baccalaureate degrees in 90 areas, master ’s degrees in 67 programs and doctorate degrees in 38. Over the past 50 years Grand Forks has created a great partnership with Grand Forks Air Force Base, giving the town 2,500 jobs, a payroll of $90 million, and a total economic impact near $250 million. Located in a high growth area and just one block of f Highway 81, Desoto Estates, Townhomes, and land parcels are near many shopping centers, businesses, restaurants and bike trails. Less than 1 mile away sits Natural Grocers (0.4 miles), Lithia Toyota of Grand Forks (0.6 miles), Sam’s Club (0.6 miles), Walmart Supercenter (0.7 miles), and AMC Movie Theatre (0.9 miles). Less than 2 miles away sits Target (1.4 miles), Colombia Mall (1.5 miles), and King Walk’s Golf Course (1.9 miles).

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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