321 Morrison Street, West Fargo, ND 58078

General Property Information

Lot Measurement: Acres
Lowest Rental Unit: Below Grade
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1976
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1104
Above Ground SqFt: 1104
Below Grd Total SqFt: 1104
Total SqFt: 2208
Foundation Size: 1104
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2024.00
Garage Stalls: 3
Lot Dimensions: 50x140
Acres: 0.16

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned Assumable Loan: Not Assumable Basement: Full Construction Materials: Frame Construction Status: Previously Owned Disclosures: Leases Available; Seller's Disclosure Available Electric: Circuit Breakers Exterior: Brick/Stone; Wood Fencing: None Financing Terms: Conventional Flooring: Carpet; Linoleum Fuel: Natural Gas Heating: Boiler Laundry: Common Area; Laundry Room; Lower Level Lock Box Type: Supra Owner Pays: Heat; Trash Collection; Water Parking Characteristics: Driveway - Shared Possession: At Closing Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Showing Requirements: 24 Hour Notice; Call Listing Agent Tenant Pays: Electricity Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Cooling: Wall Unit 2 Appliances: Stainless Steel Appliances; Dishwasher; Microwave; Range; Refrigerator Unit 2 Cooling: Window Water: City Water/Connected

Contract Information

Digitally Altered Photos: No
Exclusions: Tenants personal property
Off Market Date: 2025-03-03
Contingency: None
Closed Date: 2025-03-18
Original List Price: 245000
ListPrice: 245000
Sales Close Price: 235000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 321
Street Name: Morrison
Street Suffix: Street
Postal City: West Fargo
County: Cass
State: ND
Zip Code: 58078
Complex/Dev/Subdivision: Francis 2nd

Assessments

Assessment Balance: 456.02
Assessment Installment: 62.63
Assessments Paid Seller: 25.48
Tax With Assessments: 2943

Basement

Foundation Dimensions: 46x24
Full: Yes

More Information

Building Information

Finished SqFt Above Ground: 1104
Finished SqFt Below Ground: 920

Income and Expenses

Annual Electric Expense: 396
Annual Fuel Expense: 672
Annual Gross Expenses: 4529
Annual Gross Income: 18180
Annual Insurance Expense: 1952
Annual Net Income: 13651
Annual Trash Expense: 393
Annual Water/Sewer Expense: 1044
Total Annual Expenses: 4529
Annual Caretaker Expense: 0
Annual Maintenance Expense: 0
Annual Repair 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: 26x30
Garage Door Height: 7
Garage Door Width: 8
Garage Square Feet: 780
Driveway - Shared: Yes

Unit 1

Furnished?: No
Lease Expiration Date: 2025-07-31
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 8940
Finished SqFt: 1000
Full Baths: Yes
Monthly Rent: 745
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 7

Unit 2

Furnished?: No
Lease Expiration Date: 2025-07-31
Leased?: Yes
Level: Below Ground
Unit Number: 2
Annual Rent: 9240
Finished SqFt: 900
Full Baths: Yes
Monthly Rent: 770
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 7

Unit Details

Total Units: 2

Office/Member Info

Association: FMR

Location, Tax and Other Information

High School: West Fargo
Legal Description: FRANCIS 2ND SUB LOT 15 BLK 6
Listing City: West Fargo
Map Page: 999
Municipality: Fargo
School District: West Fargo
Zip Plus 4: 1606
Property ID Number: 02070000480000
Square Footage Source: County Records
Tax Year: 2023
Tax Amount: 2881
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Fantastic Investment Opportunity & Versatile Property! This duplex boasts a strong rental history and offers a range of possibilities. Whether you're seeking a solid investment, an owner-occupied home, or a space to customize, this property is an excellent choice. Currently fully rented, with the option to extend leases for continued income. Located in a prime downtown location, residents enjoy convenient access to schools, shopping, healthcare, and a variety of amenities. The property can be purchased individually or as part of a package with the 4-plex next door at 322 4th Ave (MLS #6652797). Don’t miss out on this opportunity!

Accessible

None: Yes

Amenities Shared

Coin-op Laundry Owned: Yes

Assumable Loan

Not Assumable: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Disclosures

Leases Available: Yes
Seller's Disclosure Available: Yes

Electric

Circuit Breakers: Yes

Exterior

Brick/Stone: Yes
Wood: Yes

Fencing

None: Yes

Financing Terms

Conventional: Yes

Flooring

Carpet: Yes
Linoleum: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Laundry

Common Area: Yes
Laundry Room: Yes
Lower Level: Yes

Owner Pays

Heat: Yes
Trash Collection: Yes
Water: Yes

Possession

At Closing: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Electricity: Yes

Unit 1 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Cooling

Wall: Yes

Unit 2 Appliances

Stainless Steel Appliances: Yes
Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Cooling

Window: Yes