727 3rd Street N, Fargo, ND 58102 (MLS# 7027590)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1902
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Above Ground SqFt: 2659
Below Grd Total SqFt: 1241
Total SqFt: 3900
Foundation Size: 1241
Style: (MF) Other
Total Finished Sqft: 3187.00
Lot Dimensions: 42 x 140
Acres: 0.13
Assessment Pending: Yes
# Carport Spaces: 0
Main Floor Total SqFt: 0
Garage Stalls: 0

Property Features

Accessible: None Assumable Loan: Not Assumable Basement: Concrete Block Construction Status: Previously Owned Existing Financing: Conventional Exterior: Vinyl; Wood Foundation: Concrete Block Fuel: Electric Heating: Baseboard Laundry: Common Area Owner Pays: Common Area Maintenance; Lawn; Snow Removal; Trash Collection Parking Characteristics: Parking Lot Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Unit 1 Cooling: Window Unit 3 Cooling: Window Unit 4 Cooling: Window Water: City Water/Connected

Contract Information

Contingency: Inspection
Original List Price: 345000
ListPrice: 345000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 727
Street Name: 3rd
Street Suffix: Street
Street Direction Suffix: N
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58102
Complex/Dev/Subdivision: Lindsays

Assessments

Assessment Balance: 3133.84
Assessment Installment: 990.56
Tax With Assessments: 5547

Building Information

Finished SqFt Above Ground: 2923
Finished SqFt Below Ground: 264

More Information

Income and Expenses

Annual Electric Expense: 3604
Annual Gross Expenses: 21738
Annual Gross Income: 62602
Annual Insurance Expense: 1750
Annual Net Income: 40864
Annual Trash Expense: 780
Annual Water/Sewer Expense: 1575
Total Annual Expenses: 21738
Annual Caretaker Expense: 0
Annual Fuel Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: FMR

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Unit 1

Furnished?: No
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: 2nd Level
Unit Number: Yes
3/4 Baths: Yes
Annual Rent: 6600
Monthly Rent: 550
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Rooms: 3

Unit 2

Furnished?: No
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 9540
Full Baths: Yes
Monthly Rent: 795
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 3

Furnished?: Yes
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: 2nd Level
Unit Number: 3
3/4 Baths: Yes
Annual Rent: 21210
Monthly Expense: 250
Monthly Rent: 1767
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 4

Furnished?: Yes
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Unit Number: 4
Annual Rent: 12794
Full Baths: 2
Monthly Expense: 250
Monthly Rent: 1066
No. of Units Like This: Yes
Oth Parking Spaces: 2
Total Baths: 2
Total Bedrooms: 4
Total Rooms: 5

Unit Details

Total Units: 4

Office/Member Info

Association: FMR

Location, Tax and Other Information

High School: Fargo North
Legal Description: LINDSAYS ADDN LT 7 BLK 1
Listing City: Fargo
Map Page: 999
Municipality: Fargo
School District: Fargo
Zip Plus 4: 5267
Property ID Number: 01176000071000
Tax Year: 2024
Tax Amount: 5547
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: This 5-unit property represents a perfectly balanced "hybrid" investment, engineered for both stability and high yield performance. By diversifying the tenant base, the property captures the best of both worlds: three long-term units provide a reliable, steady foundation of monthly income that covers operating expenses and debt service, while two units are dedicated to the short-term rental market. These STR units capitalize on peak seasonal rates and travel demand, significantly boosting the property’s gross income and driving an oversized cash-on-cash return that far outpaces traditional multi-family assets. For the savvy investor, this complex is a turnkey & cash flowing that pairs the security of a classic apartment building with the upside of the hospitality industry. Basement has finished storage units ready to use for extra income plus a basement studio apartment currently used for storage. **24 hour notice required for all showings. Owner/agent
Directions: From Broadway in downtown Fargo, head north toward 8th Ave N, turn left (west) onto 8th Ave N, then turn left (south) onto 3rd St N; 727 3rd St N will be on the right.

Accessible

None: Yes

Assumable Loan

Not Assumable: Yes

Basement

Concrete Block: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Vinyl: Yes
Wood: Yes

Foundation

Concrete Block: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Laundry

Common Area: Yes

Owner Pays

Common Area Maintenance: Yes
Lawn: Yes
Snow Removal: Yes
Trash Collection: Yes

Parking Characteristics

Garage Dimensions: No
Parking Lot: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Refrigerators

Five: Yes

Tenant Pays

Electricity: Yes

Unit 1 Cooling

Window: Yes

Unit 3 Cooling

Window: Yes

Unit 4 Cooling

Window: Yes