1805 13 1/2 Street S, Fargo, ND 58103 (MLS# 7052465)

Overview

Description

Rare on-market 4plex investment opportunity near Sanford university & interstate. Building was acquired as part of a large portfolio purchase. INVESTOR INFO: All units are 2 bed/1bath. Additional storage units on top floor hallways. Building does have garages. Photos are generic photos from turned units. Unit 1: $647 lease thru 9/30/26 Unit 2: 799 lease thru 1/31/27 Unit 3: $739 lease thru 8/31/27 Unit 4: $812 lease thru 11/30/26 Market rent roll for this building: $2997/mo ADDITIONAL INCOME: Property does have RUBS implemented AKA tenants pay their own utilities on a ratio billing system. Transferrable to next owner. In February approx $300 was collected from tenants in utility reimbursement/income Property does have laundry income. EXPENSES: Property Management: Buyer can estimate Insurance: Buyer can estimate, many carriers in ND differ on pricing and coverage. Utilities: Buyer to project and plan for themselves. Water/Sewer/garbage/Gas averaged $278/mo last year. Snow & Lawn: Buyer can quote and estimate, cost can vary. Repairs & Maintenance: Unit turns and property improvements can be estimated by buyer. More in-depth costs can be shared with buyer as part of a due diligence. SHOWINGS: Unit 2 in building 1813 is empty and available for showings. This is the only unit available for showing. Other units will be made available during due diligence with contracted buyer. 1809 & 1813 neighboring 4plexes are available as a larger package if interested.

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1957
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 2016
Above Ground SqFt: 2016
Below Grd Total SqFt: 2016
Total SqFt: 4032
Foundation Size: 2016
Style: (MF) Four Plex
Total Finished Sqft: 4032.00
Garage Stalls: 4
Lot Dimensions: 55x150
Acres: 0.18
Assessment Pending: No

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned Basement: Other Construction Status: Previously Owned Exterior: Vinyl Foundation: Other Fuel: Natural Gas Heating: Boiler Laundry: Lower Level Rental License Type: Standard Roof: Architectural Shingle Sewer: City Sewer/Connected Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath 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: 329000
ListPrice: 329000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 1805
Street Name: 13 1/2
Street Suffix: Street
Street Direction Suffix: S
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58103
Complex/Dev/Subdivision: Bohnsacks 2nd

Assessments

Assessment Balance: 5521.34
Assessment Installment: 614.41
Tax With Assessments: 4673

Building Information

Finished SqFt Above Ground: 2016
Finished SqFt Below Ground: 2016

More Information

Income and Expenses

Annual Gross Income: 35964
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: FMR

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Unit 1

Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Below Ground
Unit Number: Yes
Annual Rent: 7764
Finished SqFt: 945
Full Baths: Yes
Monthly Rent: 647
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 2

Furnished?: No
Lease Expiration Date: 2027-01-31
Leased?: Yes
Level: Below Ground
Unit Number: 2
Annual Rent: 9588
Finished SqFt: 945
Full Baths: Yes
Monthly Rent: 799
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 3

Furnished?: No
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: 2nd Level
Unit Number: 3
Annual Rent: 8868
Finished SqFt: 945
Full Baths: Yes
Monthly Rent: 739
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 4

Furnished?: No
Lease Expiration Date: 2026-11-30
Leased?: Yes
Level: 2nd Level
Unit Number: 4
Annual Rent: 9744
Finished SqFt: 945
Full Baths: Yes
Monthly Rent: 812
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit Details

Total Units: 4

Office/Member Info

Association: FMR

Location, Tax and Other Information

High School: Fargo South
Legal Description: BOHNSACKS 2ND N 55' OF S 58' OF LOT 2 & THAT PT OF LOT 2, BLK 8, DESC AS FOLL: COMM AT A PT O N THE NE COR OF LT 2, THEN PROCEEDING IN A SLY DIR ALG THE E LN OF SD LT 2 A DIS T OF 7' TO A PT ON SD LT LN, THEN IN A W LY DIR A DIST OF 40' ON A LN PARA WITH T HE E & W LT LN BETW SD LTS 1 & 2 WHICH S HALL BE THE PT OF BEG, THEN PROCEEDING I N A NLY DIR & PARA WITH THE E LN OF SD L T 2 A DIST OF 2' THEN IN A WLY DIR & PAR A WITH THE E & W LN OF SD LT 2 A DIST OF 75' THEN IN A SLY DIR & PARA WITH THE E LN OF SD LT 2 A DIST OF 75' TO THE PT OF BEG. **12/6/94 DESC CORR PER DEED
Listing City: Fargo
Map Page: 999
Municipality: Fargo
School District: Fargo
Zip Plus 4: 188
Property ID Number: 01016201320000
Tax Year: 2025
Tax Amount: 4058.66
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Rare on-market 4plex investment opportunity near Sanford university & interstate. Building was acquired as part of a large portfolio purchase. INVESTOR INFO: All units are 2 bed/1bath. Additional storage units on top floor hallways. Building does have garages. Photos are generic photos from turned units. Unit 1: $647 lease thru 9/30/26 Unit 2: 799 lease thru 1/31/27 Unit 3: $739 lease thru 8/31/27 Unit 4: $812 lease thru 11/30/26 Market rent roll for this building: $2997/mo ADDITIONAL INCOME: Property does have RUBS implemented AKA tenants pay their own utilities on a ratio billing system. Transferrable to next owner. In February approx $300 was collected from tenants in utility reimbursement/income Property does have laundry income. EXPENSES: Property Management: Buyer can estimate Insurance: Buyer can estimate, many carriers in ND differ on pricing and coverage. Utilities: Buyer to project and plan for themselves. Water/Sewer/garbage/Gas averaged $278/mo last year. Snow & Lawn: Buyer can quote and estimate, cost can vary. Repairs & Maintenance: Unit turns and property improvements can be estimated by buyer. More in-depth costs can be shared with buyer as part of a due diligence. SHOWINGS: Unit 2 in building 1813 is empty and available for showings. This is the only unit available for showing. Other units will be made available during due diligence with contracted buyer. 1809 & 1813 neighboring 4plexes are available as a larger package if interested.
Directions: 13 1/2

Accessible

None: Yes

Amenities Shared

Coin-op Laundry Owned: Yes

Basement

Other: Yes

Construction Status

Previously Owned: Yes

Exterior

Vinyl: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Laundry

Lower Level: Yes

Rental License Type

Standard: Yes

Roof

Architectural Shingle: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

Four: Yes

No. of Refrigerators

Four: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Wall: Yes

Unit 2 Cooling

Wall: Yes

Unit 3 Cooling

Wall: Yes

Unit 4 Cooling

Wall: Yes