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 4/30/27Unit 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 1 in building 1809 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.
Details
| MLS # | 7052442 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 136 |
| Listing Provided By | REAL (3961 WF) | Kyle Reedstrom |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 4,092 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.24 |
Interior
| Heating | Boiler |
|---|
Exterior
| Roof | Architectural Shingle |
|---|
Parking
| Parking Features | Gravel, Parking Lot |
|---|
Taxes
| Property | 3851 |
|---|
Area Information
| State | ND |
|---|---|
| County | Cass |
| City | Fargo |
| Zip Code | 58103 |
| Community Name | Bohnsacks 2nd |
| School District | ND09001 |
| High School | Fargo |
| Listing VS Median (in Bohnsacks 2nd) | |
Price: $319,000 low | high Med: $319,000 sqft: 4,092 low | high Med: 4,092 $ / sqft: $78 low | high Med: $78 On site: 136 low | high Med: 136 | |
Market Activity 58103
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | ND |
|---|---|
| County | Cass |
| City | Fargo |
| Zip Code | 58103 |
| Community Name | Bohnsacks 2nd |
| School District | ND09001 |
| High School | Fargo |
| Listing VS Median (in Bohnsacks 2nd) | |
Price: $319,000 low | high Med: $319,000 sqft: 4,092 low | high Med: 4,092 $ / sqft: $78 low | high Med: $78 On site: 136 low | high Med: 136 | |
