Property Listing
Description
8% CAP RATE | 11-Unit Multifamily | Proven Rental History | Immediate Cash Flow Investors looking for a straightforward, cash-flowing multifamily asset should take a closer look at this 11-unit property located just minutes from NDSU in North Fargo. Offered at an 8% cap rate, this property provides immediate income with a proven rental history and a manageable operating profile. The property features a strong mix of studio, one-bedroom, and two-bedroom units, creating a diversified tenant base that appeals to students, young professionals, and workforce renters. With leases in place and consistent rental demand, investors can step into an established operation without taking on a heavy repositioning or value-add project. The appeal here is simplicity: a low-stress, easy-to-maintain property designed to produce cash flow from day one. For investors who prefer a stabilized asset over a renovation-heavy project, this is an opportunity to acquire an income-producing property in a proven North Fargo rental location. Situated near North Dakota State University, downtown Fargo, major employment centers, and public transportation routes, the property benefits from convenient access to many of the area's key amenities and employment drivers. Whether you're adding to an existing portfolio or looking for a manageable multifamily investment, this property offers an attractive combination of an 8% cap rate, immediate cash flow, established rental history, and long-term investment potential.
Property Information
Status: Active
Sub Type: ********
List Price: $725,000
MLS#: 7033354
Current Price: $725,000
Address: ********
City: Fargo
State: ND
Postal Code: 58102
Geo Lat: ********
Geo Lon: ********
Subdivision: Chapins - Hobson
County: Cass
Property Description
Year Built: 1890
Lot Size SqFt: 5662.8
Gen Tax: 4878.46
Specials Inst: 0
High School: Fargo
Square Ft. Source:
Above Grade Finished Area: ********
Below Grade Finished Area: ********
Below Grade Unfinished Area:
Total SqFt.: 5236
Style: ********
Total Bedrooms: 11
Total Bathrooms: 0
Total Full Baths: ********
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: Building
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: