1115/1117/1121 2nd Avenue,Fargo, ND 58103
Fargo, ND 58103
Description
ATTENTION INVESTORS!1115/1117 and 1121 are being offered together for a total of 10 units. This is a classic, operational value-add opportunity. Immediate upside can be captured simply by leasing up the remaining vacant units. The current owner has already done the heavy liftingremoving problematic tenants and turning all units rent-readypositioning the next owner to benefit from increased occupancy and stabilized income. Tenants pay for electric heat! Offered at $58,000 per unit ($580,000 total purchase price), this pair of properties represents a compelling entry point in a strong rental market. At pro forma, the asset delivers attractive cash flow and significant upside. Offer consists of two multifamily buildings, an ample paved parking lot, plus a 2-car detached garage.
Details
| MLS # | 6698091 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1902 |
| Days On Site | 98 |
| Listing Provided By | Daybreak Property Management, LLC | Karen Johanson |
Features
| SQ Feet | 5,816 |
|---|---|
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Units | 10 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.16 |
Interior
| Heating | Baseboard, Boiler |
|---|
Exterior
| Construction Materials | Aluminum Siding |
|---|
Parking
| Parking Features | Attached Garage, Concrete, Parking Lot, Unassigned |
|---|
Utilities
| Utilities | Electric Common, Electric Separate, Heating Common |
|---|
Taxes
| Property | 6301 |
|---|
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Contact
Learn More About This Property
| State | ND |
|---|---|
| County | Cass |
| City | Fargo |
| Zip Code | 58103 |
| Community Name | Original Townsite |