Carla Capp
BEDS0
BATHS
SQUARE FEET3,568
MLS#7073007
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCase Peake & Halls
SCHOOLFargo
Property Description
This 4plex was built in 1984 BY THE OWNER.He's owned it for over 40 years.Gross monthly rent is currently $2,325. All units are month-to-month. Owner has kept rents low since the building has had long term tenants stay.Each unit has a garage stall.Current rents compared to market rents:Unit 1 (2 bed)-$600-->$750Unit 2 (2 bed)-$450-->$750Unit 3 (2 bed)-$625-->$750Unit 4 (3 bed)-$650-->$900Gross rents if rents are improved: $3,150Opportunity to go higher if units had updated cosmetics.Laundry income also averages about $75/ month on top of that.Owner pays electric for common space hallway and water/sewer/garbage for the building.Tenants pay electric for their unit.Notice for pending special assessment for Main Ave road project of an estimated $919.41. (attached in documents)
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished
Basement: Yes
Garage: 4
Heating: Baseboard
Lot Size: 0.16 Acres
Roof Type: Asphalt
Taxes: $4,275
Year Built: 1984
Feature Descriptions
Foundation Size: 1784
Lot Dimensions: 50x140
Owners Expense: Electricity, Sewer, Water
Parcel#: 01034000500000
Parking: Detached Garage
Sewer: City Sewer/Connected
Tenant Expenses: Electricity
Units: 4
Water: City Water/Connected
Local Schools
High School: Fargo North
School District: Fargo
Listed By / Shown By
Listed By
Agency Name: REAL (3961 WF)
Agency Phone: 605-949-2763
Shown By
Agent Name: Carla Capp
Agent Phone: (701) 200-1423
Agency Title: Beyond Realty
Estimate Your Payment
Estimated Payment
$ 1,149.18 per month $701.05 Principal & Interest $356.25 Property Tax $91.88 Homeowner's InsuranceChange Payment Information
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1605 5th Avenue S | MLS# 7073007
This multi-family property located at 1605 5th Avenue S, Fargo, ND 58103 is currently listed for sale with an asking price of $315,000. 5th Avenue S is located within the Fargo school district. Search Fargo real estate on www.capphomes.com today.