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1621 3 Avenue S, Fargo, ND 58103

$255,000

Property Type: Multi-Family Square Footage: 3,186 Lot Size (sq. ft.): 7,405 Status: Closed

Current Price: $255,000 List Date: 5/01/2023 Last Modified: 4/30/2025

Overview

Description

INVESTORS! Here is your long awaited 4 plex opportunity. This cash flowing beauty has a braced foundation, coin operated laundry, ceramic tile floor in lower level units and a new water heater just to name a few features. It surely won't last long, so schedule your showing with your favorite Realtor today!, Unit 1 Total Baths: 1, Unit 2 Total Baths: 1, Unit 3 Total Baths: 1, Unit 4 Total Baths: 1, Total Parking Spaces: 5, Income/Expenses: (Total Income: 34080.00, Management: 2385.00, Utilities: 6096.00, Maintenance: 1500.00, Other: 90.00, Wages: 0.00, NOI: 22767.00)

Listing Details MLS# 7368523

General Property Information

Lot Measurement: Acres
Lowest Rental Unit: Below Grade
Multiple PIDs?: No
Year Built: 1901
Yearly/Seasonal: Yearly
Above Ground SqFt: 2044
Below Grd Total SqFt: 1142
Total SqFt: 3186
Total Finished Sqft: 3186.00
Lot Dimensions: 50x150.6
Acres: 0.17
Assessment Pending: No
Bath Three Quarters: 0
Bath Half: 0
Bath Quarter: 0
Garage Stalls: 0

Property Features

Basement: Concrete Block Disclosures: Seller's Disclosure Available Exterior: Vinyl Financing Terms: Conventional Fuel: Oil Heating: Hot Water Owner Pays: Heat Roof: Asphalt Shingles Sewer: City Sewer/Connected Showing Requirements: Appointment Only; Showing Service Tenant Pays: Electricity Unit 1 Appliances: Gas Water Heater Unit 1 Cooling: None Unit 2 Appliances: Gas Water Heater Unit 2 Cooling: None Unit 3 Appliances: Gas Water Heater Unit 3 Cooling: None Unit 4 Appliances: Gas Water Heater Unit 4 Cooling: None Water: City Water/Connected

Contract Information

Digitally Altered Photos: No
Exclusions: None
Off Market Date: 2023-07-10
Contingency: None
Closed Date: 2023-07-31
Original List Price: 260000
ListPrice: 260000
Sales Close Price: 255000
Auction?: No

Location Tax and Other Information

House Number: 1621
Street Name: 3
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58103
Complex/Dev/Subdivision: Fullers

Assessments

Assessment Balance: 137.44
Assessment Installment: 57.63
Drain Assessment: 75.81
Assessments Paid Seller: 0

Building Information

Finished SqFt Above Ground: 2044
Finished SqFt Below Ground: 1022

More Information

Income and Expenses

Annual Gross Income: 34080
Annual Insurance Expense: 1332
Annual Maintenance Expense: 10071
Annual Net Income: 22767
Total Annual Expenses: 11313

Ownership

Fractional Ownership: No

Unit 1

Furnished?: N
Leased?: Y
Unit Number: Yes
Annual Rent: 9900
Finished SqFt: 1022
Monthly Rent: 825
No. of Units Like This: Yes
Oth Parking Spaces: 2
Total Baths: Yes
Total Bedrooms: 2

Unit 2

Furnished?: N
Leased?: Y
Unit Number: 2
Annual Rent: 9900
Finished SqFt: 1022
Monthly Rent: 825
No. of Units Like This: Yes
Oth Parking Spaces: 2
Total Baths: Yes
Total Bedrooms: 2

Unit 3

Furnished?: N
Leased?: N
Unit Number: 3
Annual Rent: 7200
Finished SqFt: 692
Monthly Rent: 600
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 2

Unit 4

Furnished?: N
Leased?: N
Unit Number: 4
Annual Rent: 6000
Finished SqFt: 180
Monthly Rent: 500
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes

Unit Details

Total Units: 4

Office/Member Info

Association: FMR

Location, Tax and Other Information

High School: Fargo South
Map Page: 999
Municipality: Fargo
School District: Fargo
Map Coordinate Source: RETS
Country: US
Property ID Number: 01098001540000
Square Footage Source: Other
Tax Year: 2022
Tax Amount: 2969.78
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: INVESTORS! Here is your long awaited 4 plex opportunity. This cash flowing beauty has a braced foundation, coin operated laundry, ceramic tile floor in lower level units and a new water heater just to name a few features. It surely won't last long, so schedule your showing with your favorite Realtor today!, Unit 1 Total Baths: 1, Unit 2 Total Baths: 1, Unit 3 Total Baths: 1, Unit 4 Total Baths: 1, Total Parking Spaces: 5, Income/Expenses: (Total Income: 34080.00, Management: 2385.00, Utilities: 6096.00, Maintenance: 1500.00, Other: 90.00, Wages: 0.00, NOI: 22767.00)

Basement

Concrete Block: Yes

Disclosures

Seller's Disclosure Available: Yes

Exterior

Vinyl: Yes

Financing Terms

Conventional: Yes

Fuel

Oil: Yes

Heating

Hot Water: Yes

Owner Pays

Heat: Yes

Roof

Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Showing Requirements

Appointment Only: Yes
Showing Service: Yes

Water

City Water/Connected: Yes

Tenant Pays

Electricity: Yes

Unit 1 Appliances

Gas Water Heater: Yes

Unit 1 Cooling

None: Yes

Unit 2 Appliances

Gas Water Heater: Yes

Unit 2 Cooling

None: Yes

Unit 3 Appliances

Gas Water Heater: Yes

Unit 3 Cooling

None: Yes

Unit 4 Appliances

Gas Water Heater: Yes

Unit 4 Cooling

None: Yes

Listing Office: Prime Realty

Last Updated: April - 30 - 2025

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