1027 University Drive N, Fargo, ND 58102

General Property Information

Lot Measurement: Square Feet
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1913
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 960
Above Ground SqFt: 1680
Below Grd Total SqFt: 800
Total SqFt: 2480
Foundation Size: 800
Lot Size SqFt: 6992
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2380.00
Garage Stalls: 2
Lot Dimensions: 50 x 140

Property Features

Accessible: None Basement: Egress Windows; Full Construction Status: Previously Owned Exterior: Metal Financing Terms: Cash Fuel: Electric Heating: Forced Air Lock Box Type: Supra Owner Pays: Electricity; Sewer; Trash Collection; Water Parking Characteristics: Gravel Lot Sewer: City Sewer/Connected Stories: One and One Half Unit 1 Appliances: Microwave; Range; Refrigerator Unit 1 Cooling: Central Unit 2 Appliances: Dryer; Microwave; Range; Washer Unit 2 Cooling: Central Unit 3 Appliances: Microwave; Range; Refrigerator Unit 3 Cooling: Central Water: City Water/Connected

Contract Information

Off Market Date: 2025-10-15
Contingency: None
Closed Date: 2025-10-31
Original List Price: 225000
ListPrice: 225000
Sales Close Price: 218500
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1027
Street Name: University
Street Suffix: Drive
Street Direction Suffix: N
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58102
Complex/Dev/Subdivision: Chapins - Hobson

Assessments

Assessment Balance: 14660.92
Assessment Installment: 2107.94
Tax With Assessments: 5217

Building Information

Finished SqFt Above Ground: 1680
Finished SqFt Below Ground: 700

More Information

Income and Expenses

Annual Electric Expense: 3600
Annual Gross Expenses: 8980
Annual Gross Income: 27540
Annual Insurance Expense: 3000
Annual Maintenance Expense: 500
Annual Net Income: 18560
Annual Repair Expense: 500
Annual Trash Expense: 690
Annual Water/Sewer Expense: 690
Total Annual Expenses: 8980
Annual Caretaker Expense: 0
Annual Fuel Expense: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: FMR
Supra: Yes

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 24 x 24
Garage Square Feet: 576
Gravel Lot: Yes

Unit 1

Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 8520
Finished SqFt: 960
Full Baths: Yes
Monthly Expense: 2994
Monthly Rent: 710
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Below Ground
Unit Number: 2
Annual Rent: 8520
Finished SqFt: 700
Full Baths: Yes
Monthly Expense: 2993
Monthly Rent: 710
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 3

Furnished?: No
Lease Expiration Date: 2026-11-30
Leased?: Yes
Level: 2nd Level
Unit Number: 3
Annual Rent: 10500
Finished SqFt: 800
Full Baths: Yes
Monthly Expense: 2993
Monthly Rent: 875
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit Details

Total Units: 3

Office/Member Info

Association: FMR

Location, Tax and Other Information

Legal Description: CHAPINS-HOBSONS SUB LOT 7 BLK 10
Listing City: Fargo
Map Page: 999
Municipality: Fargo
School District: Fargo
Zip Plus 4: 3548
Property ID Number: 01044001820000
Tax Year: 2024
Tax Amount: 5166.44
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Dont miss out on this great investment property close to NDSU and downtown. The property is currently leased as a duplex with the main level and basement units rented together. They share the double garage and the washer/dryer located in the basement unit. The property can also be rented as three separate units as the basement unit can be locked off from the main floor unit and has a separate exterior entrance. The upper level unit has off street parking. Each of the three units has 2 bedrooms and 1 bathroom. City of Fargo sewer project has recently been completed in this area. Current leases have owner paying utilities.
Directions: 1027 University Dr N. Parking available in driveway or side streets.

Accessible

None: Yes

Basement

Egress Windows: Yes
Full: Yes

Construction Status

Previously Owned: Yes

Exterior

Metal: Yes

Financing Terms

Cash: Yes

Fuel

Electric: Yes

Heating

Forced Air: Yes

Owner Pays

Electricity: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Sewer

City Sewer/Connected: Yes

Stories

One and One Half: Yes

Water

City Water/Connected: Yes

Unit 1 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Cooling

Central: Yes

Unit 2 Appliances

Dryer: Yes
Microwave: Yes
Range: Yes
Washer: Yes

Unit 2 Cooling

Central: Yes

Unit 3 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Cooling

Central: Yes