1605 5th AVE S, Fargo, ND 58103
1605 5th AVE S, Fargo, ND 58103
1605 5th AVE S, Fargo, ND 58103
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$315,000
Est. payment /mo
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9 Beds
4 Baths
3,568 SqFt
New

1605 5th AVE S Fargo, ND 58103

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Lars Anderson

Lars Anderson

+1(651) 497-1666

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,568 sqft

Price per Sqft $88

Subdivision Case Peake & Halls

MLS Listing ID 7073007

Bedrooms 9

Year Built 1984

Annual Tax Amount $4,275

Tax Year 2025

Contingent None

Lot Size 6,969 Sqft

Lot Dimensions 50x140

Property Sub-Type Fourplex

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-->$750
Unit 2 (2 bed)-$450-->$750
Unit 3 (2 bed)-$625-->$750
Unit 4 (3 bed)-$650-->$900

Gross rents if rents are improved: $3,150

Opportunity 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)

Location

State ND

County Cass

Zoning Residential-Multi-Family,Residential-Single Family

Rooms

Basement Finished

Interior

Heating Baseboard

Fireplace No

Laundry Common Area, Lower Level, Laundry Room

Exterior

Parking Features Detached Garage

Garage Spaces 4.0

Roof Type Asphalt

Building

Story Split Entry (Bi-Level)

Foundation 1784

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Split Entry (Bi-Level)

New Construction false

Schools

High Schools Fargo North

School District Fargo

Listed by Mason Peterson • REAL (3961 WF)

NEARBY SCHOOL & BUSINESS

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Lars Anderson

Lars Anderson

Agent | License ID: 40584523

+1(651) 497-1666

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1605 5th AVE S

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