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$ 329,000
Est. payment /mo
Pending
1813 13 1/2 ST S Fargo, ND 58103
8 Beds
4 Baths
4,092 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,092 sqft
Price per Sqft $80
Subdivision Bohnsacks 2Nd
MLS Listing ID 7051892
Bedrooms 8
Year Built 1957
Annual Tax Amount $4,037
Tax Year 2025
Contingent None
Lot Dimensions 58x150
Property Sub-Type Fourplex
Property Description
Rare on-market 4plex investment opportunity near Sanford university & interstate. Building was acquired as part of a large portfolio purchase. INVESTOR INFO: All units are 2 bed/1bath. Additional storage units on top floor hallways. Building does have garages.
Unit 1: $695 lease thru 10/31/26
Unit 2: Empty for showings
Unit 3: $780 lease thru 5/31/26
Unit 4: $725 lease thru 8/31/26
Market rent roll for this building: $2950 - $3150/mo
ADDITIONAL INCOME
Property does have RUBS implemented AKA tenants pay their own utilities on a ratio billing system. Transferrable to next owner. In February approx $300 was collected from tenants in utility reimbursement/income
Property does have laundry income.
EXPENSES:
Property Management: Buyer can estimate
Insurance: Buyer can estimate, many carriers in ND differ on pricing and coverage.
Utilities: Buyer to project and plan for themselves. Water/Sewer/garbage/Gas averaged $278/mo last year.
Snow & Lawn: Buyer can quote and estimate, cost can vary.
Repairs & Maintenance: Unit turns and property improvements can be estimated by buyer. More in-depth costs can be shared with buyer as part of a due diligence.
SHOWINGS: Unit 2 is empty and available for showings. Other units will be made available during due diligence with contracted buyer.
1809 & 1813 neighboring 4plexes are available as a larger package if interested.
Unit 1: $695 lease thru 10/31/26
Unit 2: Empty for showings
Unit 3: $780 lease thru 5/31/26
Unit 4: $725 lease thru 8/31/26
Market rent roll for this building: $2950 - $3150/mo
ADDITIONAL INCOME
Property does have RUBS implemented AKA tenants pay their own utilities on a ratio billing system. Transferrable to next owner. In February approx $300 was collected from tenants in utility reimbursement/income
Property does have laundry income.
EXPENSES:
Property Management: Buyer can estimate
Insurance: Buyer can estimate, many carriers in ND differ on pricing and coverage.
Utilities: Buyer to project and plan for themselves. Water/Sewer/garbage/Gas averaged $278/mo last year.
Snow & Lawn: Buyer can quote and estimate, cost can vary.
Repairs & Maintenance: Unit turns and property improvements can be estimated by buyer. More in-depth costs can be shared with buyer as part of a due diligence.
SHOWINGS: Unit 2 is empty and available for showings. Other units will be made available during due diligence with contracted buyer.
1809 & 1813 neighboring 4plexes are available as a larger package if interested.
Location
State ND
County Cass
Zoning Residential-Multi-Family
Rooms
Basement Other
Interior
Heating Boiler
Fireplace No
Laundry Lower Level
Exterior
Parking Features Detached Garage
Garage Spaces 4.0
Roof Type Architectural Shingle
Building
Story Split Entry (Bi-Level)
Foundation 2046
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Split Entry (Bi-Level)
New Construction false
Schools
High Schools Fargo South
School District Fargo
Listed by Kyle Reedstrom • REAL (3961 WF)