Property Listing
Description
Rare on-market 4plex investment opportunity near Sanford university & interstate. Building was acquired as part of a large portfolio purchase. INVESTOR INFO: All units are 2 bed/1bath. Additional storage units on top floor hallways. Building does NOT have garages, just parking. Photos are generic photos from turned units. Unit 1: $714 lease thru 7/31/26 Unit 2: 782 lease thru 4/30/27 Unit 3: $692 lease thru 3/31/27 Unit 4: $757 lease thru 10/31/26 Market rent roll for this building: $2945/mo ADDITIONAL INCOME Property does have RUBS implemented AKA tenants pay their own utilities on a ratio billing system. Transferrable to next owner. In February approx $300 was collected from tenants in utility reimbursement/income Property does have laundry income. EXPENSES: Property Management: Buyer can estimate Insurance: Buyer can estimate, many carriers in ND differ on pricing and coverage. Utilities: Buyer to project and plan for themselves. Water/Sewer/garbage/Gas averaged $278/mo last year. Snow & Lawn: Buyer can quote and estimate, cost can vary. Repairs & Maintenance: Unit turns and property improvements can be estimated by buyer. More in-depth costs can be shared with buyer as part of a due diligence. SHOWINGS: Unit 1 in building 1809 is empty and available for showings. This is the only unit available for showing. Other units will be made available during due diligence with contracted buyer.
Property Information
Status: Active
Sub Type: ********
List Price: $325,000
MLS#: 7052442
Current Price: $325,000
Address: 1809 13 1/2 Street S, Fargo, ND 58103
City: Fargo
State: ND
Postal Code: 58103
Geo Lat: 46.851345
Geo Lon: -96.800528
Subdivision: Bohnsacks 2nd
County: Cass
Property Description
Year Built: 1957
Lot Size SqFt: 10454.4
Gen Tax: 4585
Specials Inst: 6467.9
High School: Fargo
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 4092
Style: Array
Total Bedrooms: 8
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
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Lot Feat/Fld Plain:
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Inclusions: ********
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