Property Listing
Description
This 4plex was built in 1984 BY THE OWNER. He's owned it for over 40 years. Gross monthly rent is currently $2,325. All units are month-to-month. Owner has kept rents low since the building has had long term tenants stay. Each unit has a garage stall. Current rents compared to market rents: Unit 1 (2 bed)-$600-->$750 Unit 2 (2 bed)-$450-->$750 Unit 3 (2 bed)-$625-->$750 Unit 4 (3 bed)-$650-->$900 Gross rents if rents are improved: $3,150 Opportunity to go higher if units had updated cosmetics. Laundry income also averages about $75/ month on top of that. Owner pays electric for common space hallway and water/sewer/garbage for the building. Tenants pay electric for their unit. Notice for pending special assessment for Main Ave road project of an estimated $919.41. (attached in documents)
Property Information
Status: Active
Sub Type: ********
List Price: $315,000
MLS#: 7073007
Current Price: $315,000
Address: 1605 5th Avenue S, Fargo, ND 58103
City: Fargo
State: ND
Postal Code: 58103
Geo Lat: 46.870075
Geo Lon: -96.807382
Subdivision: Case Peake & Halls
County: Cass
Property Description
Year Built: 1984
Lot Size SqFt: 6969.6
Gen Tax: 5230
Specials Inst: 12234
High School: Fargo
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 3568
Style: Array
Total Bedrooms: 9
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 4
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: