1114 College Street N, Fargo, ND 58102

General Property Information

# Carport Spaces: 7
Lot Measurement: Acres
Lowest Rental Unit: Garden Level
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1922
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 816
Above Ground SqFt: 1632
Below Grd Total SqFt: 816
Total SqFt: 2448
Foundation Size: 816
Style: (MF) Triplex
Total Finished Sqft: 2448.00
Lot Dimensions: 50x140
Acres: 0.16
Garage Stalls: 0

Property Features

Accessible: None Construction Materials: Block Construction Status: Previously Owned Disclosures: Leases Available Exterior: Cement Board Financing Terms: Conventional Flooring: Hardwood; Luxury Vinyl Tile Fuel: Electric Heating: Baseboard Laundry: None Lock Box Type: Supra Lot Description: Tree Coverage - Light Owner Pays: Snow Removal; Trash Collection; Water Parking Characteristics: Parking Lot; Uncovered/Open Possession: Lease Out Stand; Tenants Rights Rental License Type: Standard Road Frontage: City Street Roof: Architectural Shingle Sewer: City Sewer/Connected Showing Requirements: 24 Hour Notice; Appointment Only; Lockbox; See Remarks Stories: Two Tenant Pays: Cable TV; Electricity; Lawn Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Bath Description: 3/4 Primary Unit 1 Cooling: None Unit 1 Family Room Characteristics: Family Room Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Cooling: Window Unit 3 Appliances: Dishwasher; Range; Refrigerator Unit 3 Cooling: Window Water: City Water/Connected

Contract Information

Digitally Altered Photos: No
Off Market Date: 2025-01-21
Contingency: None
Closed Date: 2025-02-18
Original List Price: 245000
ListPrice: 230000
Sales Close Price: 212500
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1114
Street Name: College
Street Suffix: Street
Street Direction Suffix: N
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58102
Complex/Dev/Subdivision: Kirkhams 2nd

Assessments

Assessment Balance: 3429.95
Assessment Installment: 470.62
Assessments Paid Seller: 69.61
Tax With Assessments: 3155.88

Building Information

Finished SqFt Above Ground: 1632
Finished SqFt Below Ground: 816

More Information

Income and Expenses

Annual Gross Expenses: 8000
Annual Gross Income: 27600
Annual Insurance Expense: 850
Annual Maintenance Expense: 2000
Annual Net Income: 19600
Annual Repair Expense: 1500
Annual Trash Expense: 450
Annual Water/Sewer Expense: 360
Total Annual Expenses: 8000
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 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

Unit 1

Furnished?: No
Leased?: Yes
Level: Below Ground
Unit Number: Yes
3/4 Baths: Yes
Annual Rent: 8700
Finished SqFt: 800
Monthly Expense: 230
Monthly Rent: 725
No. of Units Like This: Yes
Oth Parking Spaces: 2
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Lease Expiration Date: 2024-12-31
Leased?: Yes
Level: 2nd Level
Unit Number: 2
3/4 Baths: Yes
Annual Rent: 8700
Finished SqFt: 800
Monthly Expense: 230
Monthly Rent: 725
No. of Units Like This: Yes
Oth Parking Spaces: 2
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 3

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 3
Annual Rent: 10200
Finished SqFt: 832
Full Baths: Yes
Monthly Expense: 230
Monthly Rent: 850
No. of Units Like This: Yes
Oth Parking Spaces: 3
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 6

Unit Details

Total Units: 3

Office/Member Info

Association: FMR

Location, Tax and Other Information

Legal Description: KIRKHAMS 2ND LOT 7 BLK 13
Listing City: Fargo
Map Page: 999
Municipality: Fargo
School District: Fargo
Zip Plus 4: 4345
Property ID Number: 01164001700000
Square Footage Source: County Records
Tax Year: 2023
Tax Amount: 2684.27
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Triplex with great rental history located one block from NDSU. All three units are updated, and new water heaters were put in this year. Two units have 2 bedrooms/1 bath and third unit has three bedrooms/one bath. Separate electric for all units and off-street parking. This property presents a great opportunity for seasoned investors or those just entering the rental market. All three units under lease with a monthly rent of $2,250. Please provide a 24-hour notice for all showing requests.

Accessible

None: Yes

Construction Materials

Block: Yes

Construction Status

Previously Owned: Yes

Disclosures

Leases Available: Yes

Exterior

Cement Board: Yes

Financing Terms

Conventional: Yes

Flooring

Hardwood: Yes
Luxury Vinyl Tile: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Laundry

None: Yes

Lot Description

Tree Coverage - Light: Yes

Owner Pays

Snow Removal: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes
Uncovered/Open: Yes

Possession

Lease Out Stand: Yes
Tenants Rights: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Roof

Architectural Shingle: Yes

Sewer

City Sewer/Connected: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Lockbox: Yes
See Remarks: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Three: Yes

No. of Refrigerators

Three: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Lawn: Yes

Unit 1 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

3/4 Primary: Yes

Unit 1 Cooling

None: Yes

Unit 1 Family Room Characteristics

Family Room: Yes

Unit 2 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Cooling

Window: Yes

Unit 3 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Cooling

Window: Yes