23 8th St S - Apartments FOR SALE


Fargo, ND 58103- Downtown Fargo
$2,100,000 USD
701-541-1541
23 8th St S, Fargo, ND for Sale
$2,100,000 USD
Apartments - FOR SALE
1/13
null | 4.35% Cap Rate

23 8th St S
Fargo, ND 58103
Downtown Fargo


OVERVIEW

Excellent opportunity to acquire a mixed-use investment property in the heart of Downtown Fargo. The property features 4 commercial spaces and 9 residential apartments, providing a diversified income stream from both residential and commercial tenants. A separate private parking lot with 26 spaces adds significant value in the downtown market and provides additional income potential. The property offers strong existing income with further upside through lease-up, rental rate growth and parking revenue. With its downtown location, diverse tenant mix and multiple opportunities to increase revenue, this property offers an attractive combination of current income and long-term investment potential. Financial information and additional property details are available upon request.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

13

PRICE/UNIT

$161,538

CAP RATE

4.35%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

17 & 23 8th Street South Fargo

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,723 SF

ZONING

Apartments

APN/PARCEL ID

01-2240-01260-000

ASK ABOUT THIS PROPERTY

Jordell BaumbachBaumbach Real EstateMore Info
701-541-1541

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Jordell BaumbachBaumbach Real EstateMore Info
701-541-1541

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.