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