1115/1117/1121 2nd AVE S Active Save Request In-Person Tour Request Virtual Tour
Fargo,ND 58103
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Original Townsite
MLS Listing ID 6698091
Year Built 1902
Annual Tax Amount $6,301
Tax Year 2024
Contingent None
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 100X140
Property Sub-Type Apartment
Property Description
ATTENTION INVESTORS!
1115/1117 and 1121 are being offered together for a total of 10 units. This is a classic, operational value-add opportunity. Immediate upside can be captured simply by leasing up the remaining vacant units. The current owner has already done the heavy lifting—removing problematic tenants and turning all units rent-ready—positioning the next owner to benefit from increased occupancy and stabilized income. Tenants pay for electric heat!
Offered at $58,000 per unit ($580,000 total purchase price), this pair of properties represents a compelling entry point in a strong rental market.
At pro forma, the asset delivers attractive cash flow and significant upside.
Offer consists of two multifamily buildings, an ample paved parking lot, plus a 2-car detached garage.
Location
State ND
County Cass
Zoning Residential-Multi-Family
Interior
Heating Baseboard,Boiler
Inclusions Building,Land,Leases
Fireplace No
Exterior
Parking Features Attached Garage,Concrete,Parking Lot,Unassigned
Garage Spaces 2.0
Utilities Available Electric Common,Electric Separate,Heating Common
Present Use Residential
Building
Foundation 3000
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Aluminum Siding
Schools
School District Fargo