UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,568 sqft
Price per Sqft $88
Subdivision Case Peake & Halls
MLS Listing ID 7073007
Bedrooms 9
Year Built 1984
Annual Tax Amount $4,275
Tax Year 2025
Contingent None
Lot Size 6,969 Sqft
Lot Dimensions 50x140
Property Sub-Type Fourplex
Property Description
He's owned it for over 40 years.
Gross monthly rent is currently $2,325. All units are month-to-month. Owner has kept rents low since the building has had long term tenants stay.
Each unit has a garage stall.
Current rents compared to market rents:
Unit 1 (2 bed)-$600-->$750
Unit 2 (2 bed)-$450-->$750
Unit 3 (2 bed)-$625-->$750
Unit 4 (3 bed)-$650-->$900
Gross rents if rents are improved: $3,150
Opportunity to go higher if units had updated cosmetics.
Laundry income also averages about $75/ month on top of that.
Owner pays electric for common space hallway and water/sewer/garbage for the building.
Tenants pay electric for their unit.
Notice for pending special assessment for Main Ave road project of an estimated $919.41. (attached in documents)
Location
State ND
County Cass
Zoning Residential-Multi-Family,Residential-Single Family
Rooms
Basement Finished
Interior
Heating Baseboard
Fireplace No
Laundry Common Area, Lower Level, Laundry Room
Exterior
Parking Features Detached Garage
Garage Spaces 4.0
Roof Type Asphalt
Building
Story Split Entry (Bi-Level)
Foundation 1784
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Split Entry (Bi-Level)
New Construction false
Schools
High Schools Fargo North
School District Fargo
Nearby Locations
GET MORE INFORMATION
Realtor & Team Leader | License ID: 20359558
+1(651) 269-3487 | sandy@sandyerickson.com