120 University Dr S, Fargo, ND

Name: 120 University Dr S, For Sale in Fargo - eXp Commercial Brokerage
Brand: REAL (3961 WF)
SKU: 6730889
Price: 519000 CAD

Real Estate

For Sale

$--,---,---

000

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential Income

Size 2873 sqft

Garage No

Taxes $3,256

Days Active 120

Lot Size

Approx. Age 1890

Avg. Price Per Sqft $180

MLS® Number 6730889

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

UPDATE: Property was under contract with a buyer using a mortgage company. Property appraisal was denied by mortgage lender. Buyer wasn't willing to try another lender to acquire a new appraisal. Reach out for more details or appraisal data. Investor Alert—this fully renovated 4-plex, originally built in 1890, offers a rare combination of historic charm and modern upgrades. Over its 135-year history, the property has gone through many phases, and while it does have some expected quirks like uneven floors, a gravel parking lot, and no garage or yard, tenants have loved living here thanks to the extensive improvements made by the current owner. Over the past three years, the property has been stabilized and transformed into a strong, cash-flowing asset with a current rent roll of $5, 300 per month. Recent upgrades include a roof that’s less than 10 years old, nearly all new windows, new PEX & PVC water and sewer lines including vent stacks, a full drain tile system, spray foam insulation around the perimeter, full electrical update throughout including each unit's own panel, new drywall, paint, flooring, doors, and trim throughout, as well as fully modernized kitchens with new cabinets, countertops, and appliances. Each unit has its own washer, dryer, and dishwasher, along with new heating and cooling systems. The building is made up of two 2-bedroom, 1-bath units and two 3-bedroom, 1-bath units, all featuring in-unit laundry. One of the 2-bedroom units was recently furnished and successfully rented for $1, 800 per month, showing potential for short or mid-term rental strategies. Whether you’re an investor looking for a low-maintenance, turn-key income property or an owner-occupant interested in house hacking, this is a rare opportunity to own one of the most thoroughly updated multi-family properties on the market.Show Description

MLS® Number6730889

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNo

Approx. Age1890

BasementBlock

DrivewayGravel, Parking Lot

Garage Spaces

HeatOther

A/C

Heating Fuel

Extras

Similar Listings

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

By checking this box, and clicking "Take a Tour", I am confirming that I have read and agree to Zoocasa's Data Processing & Privacy Policy, and to Zoocasa's Terms of Use.

By checking this box, and clicking "Take a Tour", I am electronically signing and consenting to receive marketing communications (about real estate brokerage services and one or more properties that I may buy, sell, or rent), that may be delivered to me via email, telephone and/or text messaging (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from Zoocasa, eXp Realty® and its independent contractor real estate agents, and/or its or their affiliates, using the contact information I provided. Consent is not a condition of purchase. I may opt-out at any time by emailing [email protected] or calling 1-844-683-4664.

Get notified of price or status changes by saving this listing