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$315,000
Est. payment /mo
8 Beds
4 Baths
4,092 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,092 sqft
Price per Sqft $76
Subdivision Bohnsacks 2Nd
MLS Listing ID 7052442
Bedrooms 8
Year Built 1957
Annual Tax Amount $3,851
Tax Year 2025
Contingent None
Lot Size 10,497 Sqft
Lot Dimensions 70x150
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 NOT have garages, just parking. Photos are generic photos from turned units.
Unit 1: $714 lease thru 7/31/26
Unit 2: 782 lease thru 4/30/27
Unit 3: $692 lease thru 3/31/27
Unit 4: $757 lease thru 10/31/26
Market rent roll for this building: $2945/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 1 in building 1809 is empty and available for showings. This is the only unit available for showing. Other units will be made available during due diligence with contracted buyer.
Unit 1: $714 lease thru 7/31/26
Unit 2: 782 lease thru 4/30/27
Unit 3: $692 lease thru 3/31/27
Unit 4: $757 lease thru 10/31/26
Market rent roll for this building: $2945/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 1 in building 1809 is empty and available for showings. This is the only unit available for showing. Other units will be made available during due diligence with contracted buyer.
Location
State ND
County Cass
Zoning Residential-Multi-Family
Rooms
Basement Other
Interior
Heating Boiler
Fireplace No
Laundry Lower Level
Exterior
Parking Features Gravel, Parking Lot
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
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Listed by Kyle Reedstrom • REAL (3961 WF)
NEARBY SCHOOL & BUSINESS
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