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$345,000

8 Beds 5 Baths 3,187 SQFT 0.14 Acres
Type: Multi-Family

727 3rd Street N
Fargo, ND 58102

MLS#: 7127015
Gina Brethorst
Gina Brethorst
The Real Estate Advantage
Agent
Phone: 612.207.0272
Office: 952.224.8800
Presented by: Raboin Realty

Property Description

 

This 5-unit property represents a perfectly balanced hybrid investment, which gives both stability and high yield performance. This property captures the best of both worlds: three long-term units provide a reliable, steady monthly income, while two units are fully furnished & have a great history with the short-term & mid-term rental market. For the savvy investor, this complex is a turnkey & cash flowing that pairs the security of a classic apartment building with the upside of the hospitality industry. Basement has finished storage units ready to use for extra income plus a basement studio apartment currently used for storage. **24 hour notice required for all showings. Owner/agent


 

Interior Features

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths5

Other Interior Features

Above Grade Finished Area2,923 sqft
BasementBlock
Basement (Y/N)Yes
Below Grade Finished Area264 sqft
FuelElectric
Garage Dimensions0
Garage Door Width0 sqft
Garage Square Feet0
Laundry FeaturesCommon Area

General

AccessibilityNone
Additional Parcels Y/NNo
Carport Spaces0
CityFargo
ContingencyNone
CountyCass
DirectionsFrom Broadway in downtown Fargo, head north toward 8th Ave N, turn left (west) onto 8th Ave N, then turn left (south) onto 3rd St N; 727 3rd St N will be on the right.
Electric Expense3604
Fuel Expense0
Garage Spaces0
Gross Income62602
HeatingBaseboard
High SchoolFargo North
High School DistrictFargo
Insurance Expense1900
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3,187 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income40864
New ConstructionNo
Number Of Units Total4
Operating Expense21738
OwnerPaysCommon Area Maintenance, Grounds Care, Sewer, Snow Removal, Trash Collection, Water
PostalCityFargo
Property SubtypeOther
Property TypeResidential Income
RoofAge Over 8 Years
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameLindsays
Tax Annual Amount$5,547
Tax Year2025
Tenant PaysElectricity
Trash Expense780
Virtual TourClick here
Water Sewer Expense1575
Year Built1902
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total3,900 sqft
Foundation Area1,241 sqft
Lot Dimensions42 x 140
Lot FeaturesTree Coverage - Medium
Lot Size Area0 sqft
Parking FeaturesParking Lot
Road Frontage TypeCity Street, Paved Streets
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
Elementary School N/A
High School Fargo North High School

  

Similar Properties

$345,000

8 Beds 5 Baths 3,187 SQFT 0.14 Acres
Type: Multi-Family

727 3rd Street N
Fargo, ND 58102

MLS#: 7127015
Gina Brethorst
Gina Brethorst
The Real Estate Advantage
Agent
Phone: 612.207.0272
Office: 952.224.8800