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8-Unit Multi-Family Investment Opportunity - Fargo, ND

8-Unit Multi-Family Investment Opportunity - Fargo, ND 
Listing Details (ID# 4537)
Listed Price
$725,000
Listing Location
Fargo, ND
County
Cass
Size
1 Parcels
Contact
Jared Nelson, 701.371.2388

 

8-Unit Multi-Family Investment Opportunity

1014 7th St. N - Fargo, ND 

MLS # 21-594

PRICE:  $725,000

 

Property Note: Pifer’s Auction and Realty is proud to present this 8-unit multi-family investment opportunity. This apartment is located in a quiet well established neighborhood and offers great access to the bustling downtown area of Fargo, ND.  This property has been extremely well taken care of over it's lifetime and it is apparent from the moment you walk through the door. Each unit has its own 1-stall garage and single outdoor parking spot. Exceptional rental history with a long standing 0% vacancy rate. Proposed rent increase for 2022 resulting in 6% cap rate. Financials available upon request. 

 

Contact: Jared Nelson at 701.371.2388 or Pifer's Auction & Realty at 877.700.4099 for more information.

 

Investment Highlights:

  • 8 - 2 bedroom apartments 
  • 8 - 1 spot garage stalls
  • 8 outdoor parking spots
  • 100% Occupancy 
  • Coin laundry income
  • Well established residential neighborhood
  • Many long standing tenants
  • History of low and no vacancy 
  • Great upside potential

Address: 1014 7th St. N - Fargo, ND 58102

Acres: 0.34 +/-

Legal: Lot: 9 Block: 16 WILSON'S SUBD OF CHAPINS LTS 9 & 10 BLK 16 *07/18/91 SPL/FR 044.0-3180,3190

Parcel #01-0440-03185-000

Taxes (2020): $8,228.82

8-Unit Multi-Family Investment Opportunity - Fargo, ND
Acres: 0.34
Legal: Lot: 9 Block: 16 WILSON'S SUBD OF CHAPINS LTS 9 & 10 BLK 16 *07/18/91 SPL/FR 044.0-3180,3190
Taxes: $8,228.82
Tax Year: 2020