Fully updated and partially renovated 8-unit apartment building in Downtown Fargo near Sanford and NDSU. This property was originally eight 1-bedroom units and seven units have been converted to 2-bedroom, 1-bath layouts, with one remaining 1-bedroom, 1-bath unit. Recently appraised for 1.3 million.
Four units are fully completed with modern finishes, new kitchens and baths, updated flooring, and in-unit washers and dryers. The remaining four units are approximately 60% finished, giving the buyer a straightforward path to complete the project and lease at full market rents.
Property features:
8 total units
Seven 2-bed, 1-bath units (converted from original 1-bed units)
One 1-bed, 1-bath unit
Updated plumbing and electrical throughout the entire building
Washer and dryer in every unit (4 installed, 4 roughed in)
Four units fully renovated
Four units 60% complete
Cost to complete remaining units: $120,000.
Appraised at $1.3 million.
Vacant and ready for lease-up or final completion
Strong rental potential for renovated 2-bedroom units in this area
Offered as-is at $900,000.
Contact for details or to schedule a showing.
For sale by owner
$900,000
821 7th Ave N, Fargo, ND 58102
15beds
--sqft
Est.:
MultiFamily
Built in 1965
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Modern finishesUpdated flooringNew kitchens and baths
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