$2,550,000
2320 78th Avenue
Beds
—
Baths
—
Sqft
—
Year
1970
Type
Other
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Grand Forks. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Court Ordered Sale Capture the untapped potential of this expansive 24,000+ sq ft property, a prime investment opportunity that’s already cash flow positive. Anchored by a secure 4-year government lease for a portion of the property, this building ensures stable income while offering partially renovated areas ready for completion to boost future revenue. With a compelling 9.3% CAP rate*, this property is a rare find for investors seeking strong fundamentals and room for strategic growth. Don’t miss this chance to invest in a sizable asset with immediate returns and long-term value. (id:65958)
- Subtype
- Other
- Structure
- Residential Commercial Mix
- Community
- Grand Forks
- Common interest
- Freehold
- Living area
- 24,209 square feet
- Lot size
- 2 acres
- Lot dimensions
- 2
- On market
- Nov 10, 2025
- Status changed
- Apr 24, 2026
- Photos
- 41
- MLS#
- 10368890
- Area
- GRAND_FORKS
Features and systems
Heating
Cooling
Exterior
Roof
Lot
Utilities
Security
Cash on cash
-6.26%
Cap rate
3.61%
GRM
16.7
Break-even rent
$15,550
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.