Sold: Fargo MLS# 6698091
Sold
$500,000 (list price)
$380,000
Commercial: 2 Stories
Built 1902
0.16 acres
MLS# 6698091
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Property Description
Motivated Seller...80k Price Drop
10-plex at $50k/unit!
ATTENTION INVESTORS
1115/1117 and 1121 are being offered together for a total of 10 units. This is a classic, operational value-add opportunity. The current owner has already done the heavy lifting—removing problem tenants and turning units rent-ready—positioning the next owner to benefit from increased occupancy and stabilized income. Tenants pay for electric heat at 1115 and 1117.
Offer consists of two multifamily buildings, an ample paved parking lot, plus a 2-car detached garage.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$500,000
Sold Price:
$380,000
Sold Date:
10/03/2025
Property Type:
Commercial
City:
Fargo
Garage Spaces:
2
County:
Cass
Year Built:
1902
State:
ND
Property Style:
2 Stories
Zip Code:
58103
Subdivision Name:
Original Townsite
Exterior
Stories:
Two
Garage Spaces:
2
Other Parking Spaces:
10
Foundation Size:
3,000 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Boiler
Parking Features:
- Attached Garage
- Concrete
- Parking Lot
- Unassigned
Exterior Material:
Aluminum Siding
Lot & Land
Acres:
0.16
Geolocation:
46.873146, -96.796938
Inclusions:
Building, Land, Leases
Lot Dimensions:
100X140
Addl Parcels:
01224001940000
Zoning:
Residential-Multi-Family
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$6,301
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,683
Units
Total Units:
10
Miscellaneous
Current Use:
Residential
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Electric Separate
- Heating Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Daybreak Property Management, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.