Homes for sale - 120 University DR S, Fargo, ND 58103

Additional details

Brandon Miskulin

National Realty Guild

brandon@executivestarrealty.com +1(218) 464-3126

$519,000

Est. payment - /mo

2,873 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,873 sqft

Price per Sqft $180

Subdivision Original Townsite

MLS Listing ID 6730889

Year Built 1890

Annual Tax Amount $3,256

Tax Year 2024

Contingent None

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 46x140

Property Sub-Type Quadruplex

Property Description

Investor Alert—this fully renovated 4-plex, originally built in 1890, offers a rare combination of historic charm and modern upgrades. Over its 135-year history, the property has gone through many phases, and while it does have some expected quirks like uneven floors, a gravel parking lot, and no garage or yard, tenants have loved living here thanks to the extensive improvements made by the current owner. Over the past three years, the property has been stabilized and transformed into a strong, cash-flowing asset with a current rent roll of $5,300 per month. Recent upgrades include a roof that's less than 10 years old, nearly all new windows, new PEX & PVC water and sewer lines including vent stacks, a full drain tile system, spray foam insulation around the perimeter, full electrical update throughout including each unit's own panel, new drywall, paint, flooring, doors, and trim throughout, as well as fully modernized kitchens with new cabinets, countertops, and appliances. Each unit has its own washer, dryer, and dishwasher, along with new heating and cooling systems. The building is made up of two 2-bedroom, 1-bath units and two 3-bedroom, 1-bath units, all featuring in-unit laundry. One of the 2-bedroom units was recently furnished and successfully rented for $1,800 per month, showing potential for short or mid-term rental strategies. Whether you're an investor looking for a low-maintenance, turn-key income property or an owner-occupant interested in house hacking, this is a rare opportunity to own one of the most thoroughly updated multi-family properties on the market.

Location

State ND

County Cass

Rooms

Basement Block

Interior

Heating Other

Fireplace No

Exterior

Parking Features Gravel, Parking Lot

Roof Type Architectural Shingle

Building

Story Two

Foundation 1086

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Wood Siding

New Construction false

Schools

School District Fargo

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Listed by Kyle Reedstrom • REAL (3961 WF)

Brandon Miskulin

WI Broker, MN Agent | License ID: 58234-90, 40371939

+1(218) 464-3126 | brandon@executivestarrealty.com

120 University DR S Fargo, ND 58103

Brandon Miskulin

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

BUYING MY HOME