916 18TH Street S, Moorhead, MN 56560

$220,000
Property Type: Multi-Family Square Footage: 3,580 Lot Size (sq. ft.): 9,583 Status: Closed
Current Price: $220,000 List Date: 4/14/2023 Last Modified: 8/08/2025

Overview

Description

Excellent 4 plex in great location next to schools, shopping and downtown Moorhead/Fargo! Unit mix of 3 two bedroom 1 bath units and a single 1 bed 1 bath unit. Consistent cash flow with great value add opportunity for the price!, Income/Expenses: (Total Income: 27520.00, Management: 0.00, Utilities: 5911.00, Maintenance: 3174.00, Wages: 0.00)

Listing Details MLS# 7368522

General Property Information

Lot Measurement
Acres
Lowest Rental Unit
Garden Level
Multiple PIDs?
No
Year Built
1962
Yearly/Seasonal
Yearly
Above Ground SqFt
1790
Below Grd Total SqFt
1790
Total SqFt
3580
Total Finished Sqft
3580.00
Acres
0.22
Bath Three Quarters
0
Bath Half
0
Bath Quarter
0
Garage Stalls
0

Property Features

Basement: Other Exterior: Brick/Stone Financing Terms: Cash Fuel: Natural Gas Heating: Hot Water Roof: Asphalt Shingles Sewer: City Sewer/Connected Showing Requirements: Appointment Only; Call Listing Agent Unit 1 Appliances: Gas Water Heater Unit 1 Cooling: Window Unit 2 Appliances: Gas Water Heater Unit 2 Cooling: Window Water: City Water/Connected

Contract Information

Digitally Altered Photos
No
Exclusions
None
Off Market Date
2023-05-01
Contingency
None
Closed Date
2023-05-17
Original List Price
225000
ListPrice
225000
Sales Close Price
220000
Auction?
No

Location Tax and Other Information

House Number
916
Street Name
18TH
Street Suffix
Street
Street Direction Suffix
S
Postal City
Moorhead
County
Clay
State
MN
Zip Code
56560

Assessments

Assessment Balance
398
Assessment Installment
282
Assessments Paid Seller
0

Building Information

Finished SqFt Above Ground
1790
Finished SqFt Below Ground
1790

More Information

Income and Expenses

Annual Gross Income
27520
Annual Insurance Expense
1608
Annual Maintenance Expense
9085
Total Annual Expenses
14476

Ownership

Fractional Ownership
No

Unit 1

Furnished?
No
Leased?
No
Unit Number
Yes
Annual Rent
7200
Finished SqFt
Yes
Monthly Rent
600
No. of Units Like This
3
Total Bedrooms
2

Unit 2

Furnished?
No
Leased?
No
Unit Number
2
Annual Rent
5940
Monthly Rent
495
No. of Units Like This
Yes
Total Bedrooms
Yes

Unit Details

Total Units
4

Office/Member Info

Association
FMR

Location, Tax and Other Information

High School
Moorhead
Legal Description
ROMKEY PARK ADD Lot 004 Block 009 SubdivisionCd58689S60' OF LOT 4 & N20' OF LOT 5 BLK 9
Map Page
999
Municipality
Moorhead
School District
Moorhead
School District Phone
218-284-3300
Map Coordinate Source
RETS
Country
US
Property ID Number
586890410
Tax Year
2023
Tax Amount
3365
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Excellent 4 plex in great location next to schools, shopping and downtown Moorhead/Fargo! Unit mix of 3 two bedroom 1 bath units and a single 1 bed 1 bath unit. Consistent cash flow with great value add opportunity for the price!, Income/Expenses: (Total Income: 27520.00, Management: 0.00, Utilities: 5911.00, Maintenance: 3174.00, Wages: 0.00)

Basement

Other
Yes

Exterior

Brick/Stone
Yes

Financing Terms

Cash
Yes

Fuel

Natural Gas
Yes

Heating

Hot Water
Yes

Roof

Asphalt Shingles
Yes

Sewer

City Sewer/Connected
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes

Water

City Water/Connected
Yes

Unit 1 Appliances

Gas Water Heater
Yes

Unit 1 Cooling

Window
Yes

Unit 2 Appliances

Gas Water Heater
Yes

Unit 2 Cooling

Window
Yes
IDX
Listing Office: Baumbach Real Estate LLC
Last Updated: August - 08 - 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.

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