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 2 in building 1813 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. 1805 & 1813 neighboring 4plexes are available as a larger package if interested.
Property Information
Status: Active
Sub Type: ********
List Price: $329,000
MLS#: 7052442
Current Price: $329,000
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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Inclusions: ********
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