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$345,000
Est. payment /mo
8 Beds
5 Baths
3,187 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Contingent
Purchase Type For Sale
Square Footage 3,187 sqft
Price per Sqft $108
Subdivision Lindsays
MLS Listing ID 7027590
Bedrooms 8
Year Built 1902
Annual Tax Amount $5,547
Tax Year 2024
Contingent Inspection
Lot Dimensions 42 x 140
Property Sub-Type Other
Property Description
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
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
Location
State ND
County Cass
Zoning Residential-Multi-Family
Rooms
Basement Block
Interior
Heating Baseboard
Fireplace No
Laundry Common Area
Exterior
Parking Features Parking Lot
Building
Story Two
Foundation 1241
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
High Schools Fargo North
School District Fargo
Others
Virtual Tour https://tours.newagerentals.com/727-3-2/
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Listed by Tara Fontaine • Raboin Realty
Nearby Locations
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