1038 COLLEGE Street N, Fargo, ND 58102 - Moving Fargo Moorhead

1038 COLLEGE Street N, Fargo, ND 58102

$225,000

Copy of Banner House # Last Name (15)

Property Type: Multi-Family Square Footage: 1,856 Lot Size (sq. ft.): 7,000 Status: Closed

Current Price: $225,000 List Date: 11/07/2023 Last Modified: 4/30/2025

Overview

Description

4 plex within walking distance to NDSU! Well kept and professionally managed, this is the investment you're waiting for. The roof was replaced in 2012 along with the gutters. Looking to sell in tandem with 1036 College st., Income/Expenses: (Total Income: 29400.00, Management: 0.00, Utilities: 3200.00, Maintenance: 2500.00, Wages: 0.00)

Listing Details MLS# 7368518

General Property Information

Lot Measurement: Square Feet
Multiple PIDs?: No
Year Built: 1921
Yearly/Seasonal: Yearly
Above Ground SqFt: 1856
Total SqFt: 1856
Lot Size SqFt: 7000
Total Finished Sqft: 1856.00
Garage Stalls: 2
Lot Dimensions: 50X140
Assessment Pending: No
Bath Three Quarters: 0
Bath Half: 0
Bath Quarter: 0
Below Grd Total SqFt: 0

Property Features

Financing Terms: Conventional Fuel: Electric Showing Requirements: Appointment Only Tenant Pays: Electricity; Other

Contract Information

Digitally Altered Photos: No
Exclusions: None
Off Market Date: 2023-11-17
Contingency: None
Closed Date: 2023-12-29
Original List Price: 250000
ListPrice: 250000
Sales Close Price: 225000
Auction?: No

Location Tax and Other Information

House Number: 1038
Street Name: COLLEGE
Street Suffix: Street
Street Direction Suffix: N
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58102

Assessments

Assessment Balance: 5063.54
Assessment Installment: 603.71
Assessments Paid Seller: 0
Drain Assessment: 0

Building Information

Finished SqFt Above Ground: 1856

More Information

Income and Expenses

Annual Gross Income: 29400
Annual Insurance Expense: 1580
Annual Maintenance Expense: 5700
Total Annual Expenses: 14500

Ownership

Fractional Ownership: No

Unit 1

Furnished?: N
Leased?: N
Unit Number: Yes
Annual Rent: 7620
Finished SqFt: 600
Monthly Rent: 635
No. of Units Like This: Yes
Total Bedrooms: 2

Unit 2

Furnished?: N
Leased?: N
Unit Number: 2
Annual Rent: 6900
Finished SqFt: 550
Monthly Rent: 575
No. of Units Like This: Yes
Total Bedrooms: Yes

Unit 3

Furnished?: N
Leased?: N
Unit Number: 3
Annual Rent: 6900
Finished SqFt: 385
Monthly Rent: 575
No. of Units Like This: Yes
Total Bedrooms: Yes

Unit 4

Furnished?: N
Leased?: N
Unit Number: 4
Annual Rent: 8100
Finished SqFt: 750
Monthly Rent: 675
No. of Units Like This: Yes
Total Bedrooms: 2

Unit Details

Total Units: 4

Office/Member Info

Association: FMR

Location, Tax and Other Information

High School: Fargo North
Map Page: 999
Municipality: Fargo
School District: Fargo
Map Coordinate Source: RETS
Country: US
Property ID Number: 01164001060000
Square Footage Source: Other
Tax Year: 2022
Tax Amount: 2547.67
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 4 plex within walking distance to NDSU! Well kept and professionally managed, this is the investment you're waiting for. The roof was replaced in 2012 along with the gutters. Looking to sell in tandem with 1036 College st., Income/Expenses: (Total Income: 29400.00, Management: 0.00, Utilities: 3200.00, Maintenance: 2500.00, Wages: 0.00)

Financing Terms

Conventional: Yes

Fuel

Electric: Yes

Showing Requirements

Appointment Only: Yes

Tenant Pays

Electricity: Yes
Other: Yes

Listing Office: Raboin Realty

Last Updated: April - 30 - 2025

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Search powered by FBS Products