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727 3rd St N

Fargo ND 58102

8
5
3900 sq. ft.
0.14 ac.
Other
Currently for sale - view listing

Overview

This 5-unit property represents a perfectly balanced "hybrid" investment, engineered for both stability and high yield performance. By diversifying the tenant base, the property captures the best of both worlds: three long-term units provide a reliable, steady foundation of monthly income that covers operating expenses and debt service, while two units are dedicated to the short-term rental market. These STR units capitalize on peak seasonal rates and travel demand, significantly boosting the property’s gross income and driving an oversized cash-on-cash return that far outpaces traditional multi-family assets. For the savvy investor, this complex is a turnkey & cash flowing that pairs the security of a classic apartment building with the upside of the hospitality industry. Basement has finished storage units ready to use for extra income plus a basement studio apartment currently used for storage. **24 hour notice required for all showings. Owner/agent

Features

8 bedrooms
5 bathrooms
3900 sq. ft. floor area
0.14 ac. lot size
Other

Property history for 727 3rd St N

2023
Sold
Undisclosed
15 May 2023 by Nick Nymark, of Advantage Inc., REALTORS?

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