Sioux Falls Commercial Real Estate

Multi-Family

Closed

Fargo 3-Plex

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1824 14 St S
Fargo, ND

Space Available: 3 Plex

For Sale: $275,000

Property Description

  • 3-Plex with large 4BR unit upstairs & two 1BR units down
  • Ideal apartment building for start-up investor
  • Historic 7% cap rate; projected 2020 cap 7.8%
  • Good income history
  • Pet friendly building
  • No smoking policy
  • Off street parking
  • Long term MTM TTs
  • Brick & wood exterior
  • New shingles July 2020
  • Hot water BB heat
  • Over-sized single garage
  • Located in NW quadrant of University Drive & I-94
  • Market entry apartments
  • Financials & APOD available with signed CA
  • All dimensions approximate only

Brokers

Paul S. Balega

Broker Associate

Paul has 11 years of commercial brokerage experience with NAI North Central specializing in industrial and income producing properties. Paul started in real estate in 1993 and since then  has seen many changes within the real estate industry.