322 4th Avenue W, West Fargo, ND 58078

General Property Information

Lot Measurement: Acres
Lowest Rental Unit: Below Grade
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1960
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1512
Above Ground SqFt: 1512
Below Grd Total SqFt: 1512
Total SqFt: 3024
Foundation Size: 1512
Style: (MF) Four Plex
Total Finished Sqft: 2812.00
Garage Stalls: 3
Lot Dimensions: 50x140
Acres: 0.16

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned Assumable Loan: Not Assumable Construction Materials: Frame Construction Status: Previously Owned Disclosures: Leases Available; Seller's Disclosure Available Electric: Circuit Breakers Existing Financing: Conventional Exterior: Aluminum Siding; Brick/Stone Fencing: None Financing Terms: Conventional Flooring: Carpet; Linoleum Fuel: Natural Gas Heating: Boiler Laundry: Common Area Lock Box Type: Supra Lot Description: Corner Lot Owner Pays: Heat; Sewer; Trash Collection; Water 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: Broadband; Cable TV; Electricity Unit 1 Appliances: Range; Refrigerator Unit 1 Cooling: Window Unit 2 Appliances: Range; Refrigerator Unit 2 Cooling: Window Unit 3 Appliances: Range; Refrigerator Unit 3 Cooling: Window Unit 4 Appliances: Range; Refrigerator Unit 4 Cooling: Window Water: City Water/Connected

Contract Information

Digitally Altered Photos: No
Exclusions: Tenant personal property
Off Market Date: 2025-03-03
Contingency: None
Closed Date: 2025-03-18
Original List Price: 299000
ListPrice: 299000
Sales Close Price: 290000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 322
Street Name: 4th
Street Suffix: Avenue
Street Direction Suffix: W
Postal City: West Fargo
County: Cass
State: ND
Zip Code: 58078
Complex/Dev/Subdivision: Francis 2nd

Assessments

Assessment Balance: 456.02
Assessment Installment: 62
Assessments Paid Seller: 27.63
Tax With Assessments: 3832

Basement

Foundation Dimensions: 28x54

More Information

Building Information

Finished SqFt Above Ground: 1512
Finished SqFt Below Ground: 1300

Income and Expenses

Annual Electric Expense: 276
Annual Fuel Expense: 1296
Annual Gross Expenses: 6684
Annual Gross Income: 27060
Annual Insurance Expense: 2750
Annual Net Income: 20376
Annual Trash Expense: 766
Annual Water/Sewer Expense: 1452
Total Annual Expenses: 6684
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: 36x22
Garage Door Height: 7
Garage Door Width: 8
Garage Square Feet: 792

Unit 1

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 6780
Finished SqFt: 700
Full Baths: Yes
Monthly Rent: 565
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Lease Expiration Date: 2025-07-31
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 7020
Finished SqFt: 700
Full Baths: Yes
Monthly Rent: 585
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 5

Unit 3

Furnished?: No
Lease Expiration Date: 2025-07-31
Leased?: Yes
Level: Below Ground
Unit Number: 3
Annual Rent: 6780
Finished SqFt: 700
Full Baths: Yes
Monthly Rent: 565
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 4

Furnished?: No
Leased?: Yes
Level: Below Ground
Unit Number: 4
Annual Rent: 6480
Finished SqFt: 580
Full Baths: Yes
Monthly Rent: 540
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit Details

Total Units: 4

Office/Member Info

Association: FMR

Location, Tax and Other Information

High School: West Fargo
Legal Description: FRANCIS 2ND SUB LOT 14 BLK 6
Listing City: West Fargo
Map Page: 999
Municipality: Fargo
School District: West Fargo
Zip Plus 4: 1606
Property ID Number: 02070000470000
Square Footage Source: County Records
Tax Year: 2023
Tax Amount: 3770
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Fantastic Investment Opportunity & Versatile Property! This 4-plex 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 duplex next door at 321 Morrison St (MLS #6652715). 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

Existing Financing

Conventional: Yes

Exterior

Aluminum Siding: Yes
Brick/Stone: Yes

Fencing

None: Yes

Financing Terms

Conventional: Yes

Flooring

Carpet: Yes
Linoleum: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Laundry

Common Area: Yes

Lot Description

Corner Lot: Yes

Owner Pays

Heat: Yes
Sewer: 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

Four: Yes

No. of Refrigerators

Four: Yes

Tenant Pays

Broadband: Yes
Cable TV: Yes
Electricity: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Cooling

Window: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Cooling

Window: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Cooling

Window: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Cooling

Window: Yes