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**SALE PENDING!!** 11-Unit Multi-Family Investment Opportunity - Fargo, ND

sale pending -
**SALE PENDING!!** 11-Unit Multi-Family Investment Opportunity - Fargo, ND 
Listing Details (ID# 4536)
Listed Price
$650,000
Listing Location
Fargo, ND
County
Cass
Size
1 Parcels
Contact
Jared Nelson, 701.371.2388

 

**SALE PENDING!!**

11-Unit Multi-Family Investment Opportunity

Sully Place Apartments - Fargo, ND 

MLS # 21-595

PRICE:  $650,000

 

Property Note: Pifer’s Auction and Realty is proud to present this 11-unit multi-family investment opportunity. Sully Place apartments is located on North University Drive in Fargo, ND. Great location with excellent proximity to bustling downtown Fargo area. This property boasts meticulous maintenance and impressive history of low vacancy! 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:

  • 11 - 1 bedroom apartments 
  • 91% Occupancy 
  • Coin laundry income
  • Well established residential neighborhood
  • Many long standing tenants
  • History of low vacancy 
  • Great upside potential

Address: Sully Place - 1104 N University Drive, Fargo, ND 58102

Acres: 0.22 +/-

Legal: Lot: 4 Block: 12 KIRKHAMS 2ND E 6' OF N 90' LOT 4 BLK 12 AND N 90' LOTS 5 & 6

Parcel #01-1640-01470-000

Taxes (2020): $5,086.28

11-Unit Multifamily Investment Opportunity - Fargo, ND
Acres: .22 +/-
Legal: Lot: 4 Block: 12 KIRKHAMS 2ND E 6' OF N 90' LOT 4 BLK 12 AND N 90' LOTS 5 & 6
Taxes: $5,086.28
Tax Year: 2020