1813 13 1/2 Street S, Fargo, ND 58103 (MLS# 7051892)

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. Unit 1: $695 lease thru 10/31/26 Unit 2: Empty for showings Unit 3: $780 lease thru 5/31/26 Unit 4: $725 lease thru 8/31/26 Market rent roll for this building: $2950 - $3150/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 is empty and available for showings. 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: 2046
Above Ground SqFt: 2046
Below Grd Total SqFt: 2046
Total SqFt: 4092
Foundation Size: 2046
Style: (MF) Four Plex
Total Finished Sqft: 4092.00
Garage Stalls: 4
Lot Dimensions: 58x150
Acres: 0.19
Assessment Pending: No

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned Basement: Other Construction Status: Previously Owned Exterior: Steel Siding 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: None 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: 1813
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: 5307.11
Assessment Installment: 603.14
Tax With Assessments: 4641

Building Information

Finished SqFt Above Ground: 2046
Finished SqFt Below Ground: 2046

More Information

Income and Expenses

Annual Gross Income: 36000
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: 2026-10-31
Leased?: Yes
Level: Below Ground
Unit Number: Yes
Annual Rent: 8340
Finished SqFt: 960
Full Baths: Yes
Monthly Rent: 695
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Leased?: No
Level: Below Ground
Unit Number: 2
Annual Rent: 9000
Finished SqFt: 960
Full Baths: Yes
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 3

Furnished?: No
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: 2nd Level
Unit Number: 3
Annual Rent: 9360
Finished SqFt: 960
Full Baths: Yes
Monthly Rent: 780
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 4

Furnished?: No
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: 2nd Level
Unit Number: 4
Annual Rent: 8700
Finished SqFt: 960
Full Baths: Yes
Monthly Rent: 725
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 S 58' OF N 60' OF LOT 4 BLK 8
Listing City: Fargo
Map Page: 999
Municipality: Fargo
School District: Fargo
Zip Plus 4: 9153
Property ID Number: 01016201340000
Tax Year: 2025
Tax Amount: 4037.76
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. Unit 1: $695 lease thru 10/31/26 Unit 2: Empty for showings Unit 3: $780 lease thru 5/31/26 Unit 4: $725 lease thru 8/31/26 Market rent roll for this building: $2950 - $3150/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 is empty and available for showings. 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

Steel Siding: 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

None: Yes

Unit 2 Cooling

Wall: Yes

Unit 3 Cooling

Wall: Yes

Unit 4 Cooling

Wall: Yes