120 University Drive S, Fargo, ND 58103

UPDATE: Property was under contract with a buyer using a mortgage company. Property appraisal was denied by mortgage lender. Buyer wasn't willing to try another lender to acquire a new appraisal. Reach out for more details or appraisal data. Investor Alert—this fully renovated 4-plex, originally built in 1890, offers a rare combination of historic charm and modern upgrades. Over its 135-year history, the property has gone through many phases, and while it does have some expected quirks like uneven floors, a gravel parking lot, and no garage or yard, tenants have loved living here thanks to the extensive improvements made by the current owner. Over the past three years, the property has been stabilized and transformed into a strong, cash-flowing asset with a current rent roll of $5,300 per month. Recent upgrades include a roof that’s less than 10 years old, nearly all new windows, new PEX & PVC water and sewer lines including vent stacks, a full drain tile system, spray foam … read more …