401 17th Street N, Moorhead, MN 56560

Overview

Description

This fully leased duplex is the investment opportunity you've been looking for with an assumable mortgage at a 4.625% rate. Conveniently located near schools, restaurants, and breweries! Each unit (one up, one down) features 2 bedrooms, a full bathroom, in-unit laundry, in addition to the spacious kitchen, dining, and living spaces! Outside you'll find a 2 stall garage and deck. Bottom unit has a walk out patio. Whether you're looking for a property to add to your investment portfolio, renting out both sides, or choose to live in one side and rent out the other, this is the place! Check it out today!

General Property Information

Lot Measurement: Square Feet
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1978
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 920
Above Ground SqFt: 920
Below Grd Total SqFt: 920
Total SqFt: 1840
Foundation Size: 920
Lot Size SqFt: 7377
Style: (MF) Duplex Up and Down
Total Finished Sqft: 1840.00
Garage Stalls: 2
Lot Dimensions: 75x98

Property Features

Accessible: None Amenities Shared: None Assumable Loan: Yes w/ Qualifying Construction Status: Previously Owned Existing Financing: FHA Exterior: Vinyl Financing Terms: Conventional Foundation: Poured Concrete Fuel: Electric Heating: Baseboard Laundry: In Unit Lock Box Type: None Lot Description: Corner Lot Owner Pays: Water Rental License Type: Standard Roof: Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Tenant Pays: Electricity Unit 1 Amenities: Deck Unit 1 Appliances: Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Wall Unit 2 Appliances: Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Bath Description: Full Basement Unit 2 Cooling: Wall Water: City Water/Connected

Contract Information

Off Market Date: 2026-01-25
Contingency: None
Closed Date: 2026-03-12
Original List Price: 265000
ListPrice: 265000
Sales Close Price: 276000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 401
Street Name: 17th
Street Suffix: Street
Street Direction Suffix: N
Postal City: Moorhead
County: Clay
State: MN
Zip Code: 56560
Complex/Dev/Subdivision: Elders 1st Add

Assessments

Assessment Balance: 571.31
Assessment Installment: 142
Tax With Assessments: 3090

Building Information

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

More Information

Income and Expenses

Annual Gross Expenses: 22392
Annual Gross Income: 28800
Annual Insurance Expense: 2495
Annual Net Income: 6408
Annual Water/Sewer Expense: 1500
Total Annual Expenses: 22392

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 48
Section#: 04
Township#: 139

Unit 1

Furnished?: No
Lease Expiration Date: 2026-07-31
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 14400
Finished SqFt: 920
Full Baths: Yes
Monthly Expense: 933
Monthly Rent: 1200
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 2

Unit 2

Furnished?: No
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: Below Ground
Unit Number: 2
Annual Rent: 14400
Finished SqFt: 920
Full Baths: Yes
Monthly Expense: 933
Monthly Rent: 1200
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 2

Unit Details

Total Units: 2

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