Property Listing
Description
This 5-unit property represents a perfectly balanced "hybrid" investment, engineered for both stability and high yield performance. By diversifying the tenant base, the property captures the best of both worlds: three long-term units provide a reliable, steady foundation of monthly income that covers operating expenses and debt service, while two units are dedicated to the short-term rental market. These STR units capitalize on peak seasonal rates and travel demand, significantly boosting the property’s gross income and driving an oversized cash-on-cash return that far outpaces traditional multi-family assets. For the savvy investor, this complex is a turnkey & cash flowing that pairs the security of a classic apartment building with the upside of the hospitality industry. Basement has finished storage units ready to use for extra income plus a basement studio apartment currently used for storage. **24 hour notice required for all showings. Owner/agent
Property Information
Status: Active
Sub Type: ********
List Price: $345,000
MLS#: 7027590
Current Price: $345,000
Address: 727 3rd Street N, Fargo, ND 58102
City: Fargo
State: ND
Postal Code: 58102
Geo Lat: 46.883821
Geo Lon: -96.782732
Subdivision: Lindsays
County: Cass
Property Description
Year Built: 1902
Lot Size SqFt: 5662.8
Gen Tax: 5547
Specials Inst: 3133.84
High School: Fargo
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 3900
Style: Array
Total Bedrooms: 8
Total Bathrooms: 5
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: