collections 94 Photos
Property Image 1 Property Image 2 Property Image 3 Property Image 4 Property Image 5 Property Image 6 Property Image 7 Property Image 8 Property Image 9 Property Image 10 Property Image 11 Property Image 12 Property Image 13 Property Image 14 Property Image 15 Property Image 16 Property Image 17 Property Image 18 Property Image 19 Property Image 20 Property Image 21 Property Image 22 Property Image 23 Property Image 24 Property Image 25 Property Image 26 Property Image 27 Property Image 28 Property Image 29 Property Image 30 Property Image 31 Property Image 32 Property Image 33 Property Image 34 Property Image 35 Property Image 36 Property Image 37 Property Image 38 Property Image 39 Property Image 40 Property Image 41 Property Image 42 Property Image 43 Property Image 44 Property Image 45 Property Image 46 Property Image 47 Property Image 48 Property Image 49 Property Image 50 Property Image 51 Property Image 52 Property Image 53 Property Image 54 Property Image 55 Property Image 56 Property Image 57 Property Image 58 Property Image 59 Property Image 60 Property Image 61 Property Image 62 Property Image 63 Property Image 64 Property Image 65 Property Image 66 Property Image 67 Property Image 68 Property Image 69 Property Image 70 Property Image 71 Property Image 72 Property Image 73 Property Image 74 Property Image 75 Property Image 76 Property Image 77 Property Image 78 Property Image 79 Property Image 80 Property Image 81 Property Image 82 Property Image 83 Property Image 84 Property Image 85 Property Image 86 Property Image 87 Property Image 88 Property Image 89 Property Image 90 Property Image 91 Property Image 92 Property Image 93 Property Image 94

1115/1117/1121 2nd Avenue

Fargo, ND 58103

About this property

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.

About this property

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.

Features and Additional Information

Square Feet
Schedule a Tour
It's free and no obligation

Schedule a Private Showing

Via Video Chat In Person
$580,000 Pending
5,816 SqFt

Presented By Coldwell Banker Crown Park Rapids

Agent Image
Get in touch today! Phone: 1-218-732-3381
Search More Listings
Brokerage
Daybreak Property Management, LLC
1-408-981-9099

Want to See More Listings in the Area?

Listed By Karen Johanson
Brokerage: Daybreak Property Management, LLC

Schedule a Private Showing

Via Video Chat In Person
It's free and no obligation

Have Questions? Contact
Coldwell Banker Crown Park Rapids

By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Crown Realtors at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
Via Video Chat In Person
Real Estate Links Our Domains