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 have garages. Unit 1: $695 lease thru 10/31/26 Unit 2: Empty for showingsUnit 3: $780 lease thru 5/31/26Unit 4: $725 lease thru 8/31/26Market rent roll for this building: $2950 - $3150/moADDITIONAL INCOMEProperty 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/incomeProperty does have laundry income. EXPENSES: Property Management: Buyer can estimateInsurance: 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 is empty and available for showings. Other units will be made available during due diligence with contracted buyer. 1809 & 1813 neighboring 4plexes are available as a larger package if interested.
Listed By
Agency Name: REAL (3961 WF)
Agency Phone: 605-949-2763
Shown By
Agent Name: Parker Breidenbach
Agent Phone: (701) 566-3999
Agency Title: Beyond Realty
Estimated Payment
$ 1,164.59 per month $732.21 Principal & Interest $336.42 Property Tax $95.96 Homeowner's Insurance
1813 13 1/2 Street S | MLS# 7051892
This multi-family property located at 1813 13 1/2 Street S, Fargo, ND 58103 is currently listed for sale with an asking price of $329,000. 13 1/2 Street S is located within the Fargo school district. Search Fargo real estate on www.movewithparker.com today.