1605 5th Avenue S, Fargo, ND 58103 (MLS# 7073007)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1984
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family, Residential-Single Famil
Main Floor Total SqFt: 1784
Above Ground SqFt: 1784
Below Grd Total SqFt: 1784
Total SqFt: 3568
Foundation Size: 1784
Style: (MF) Four Plex
Total Finished Sqft: 3568.00
Garage Stalls: 4
Lot Dimensions: 50x140
Acres: 0.16
Assessment Pending: Yes

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Leased Construction Status: Previously Owned Exterior: Wood Foundation: Poured Concrete Fuel: Electric Heating: Baseboard Laundry: Common Area; Laundry Room; Lower Level Lock Box Type: Supra Owner Pays: Electricity; Sewer; Water Rental License Type: Standard Roof: Asphalt Shingles Sewer: City Sewer/Connected Tenant Pays: Electricity Unit 1 Cooling: Wall Unit 2 Cooling: Wall Unit 3 Cooling: Wall Unit 4 Cooling: Wall Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 315000
ListPrice: 315000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1605
Street Name: 5th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58103
Complex/Dev/Subdivision: Case Peake & Halls

Assessments

Assessment Balance: 12234
Assessment Installment: 874.08
Tax With Assessments: 5230

Building Information

Finished SqFt Above Ground: 1784
Finished SqFt Below Ground: 1784

More Information

Income and Expenses

Annual Gross Income: 27900
Misc. Annual Income: 900
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: LCAR
Supra: Yes

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Unit 1

Furnished?: No
Leased?: Yes
Unit Number: Yes
Annual Rent: 7200
Finished SqFt: 875
Full Baths: Yes
Monthly Rent: 600
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Leased?: Yes
Unit Number: 2
Annual Rent: 5400
Finished SqFt: 875
Full Baths: Yes
Monthly Rent: 450
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 3

Furnished?: No
Leased?: Yes
Unit Number: 3
Annual Rent: 7500
Finished SqFt: 875
Full Baths: Yes
Monthly Rent: 625
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 4

Furnished?: No
Leased?: Yes
Unit Number: 4
Annual Rent: 7800
Finished SqFt: 943
Full Baths: Yes
Monthly Rent: 650
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 6

Unit Details

Total Units: 4

Office/Member Info

Association: FMR

Location, Tax and Other Information

High School: Fargo North
Legal Description: CASE PEAKE & HALLS LOT 17 BLK 4
Listing City: Fargo
Map Page: 999
Municipality: Fargo
School District: Fargo
Zip Plus 4: 9540
Property ID Number: 01034000500000
Tax Year: 2025
Tax Amount: 4275.06
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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)
Directions: 1605 5th Ave S Fargo ND 58103

Accessible

None: Yes

Amenities Shared

Coin-op Laundry Leased: Yes

Construction Status

Previously Owned: Yes

Exterior

Wood: Yes

Foundation

Poured Concrete: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Laundry

Common Area: Yes
Laundry Room: Yes
Lower Level: Yes

Owner Pays

Electricity: Yes
Sewer: Yes
Water: Yes

Rental License Type

Standard: Yes

Roof

Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

Four: Yes

No. of Refrigerators

Four: Yes

Tenant Pays

Electricity: Yes

Unit 1 Cooling

Wall: Yes

Unit 2 Cooling

Wall: Yes

Unit 3 Cooling

Wall: Yes

Unit 4 Cooling

Wall: Yes

1605 5th Avenue S, Fargo, ND 58103

Overview

Description

Listing Details MLS# 7073007