1151 32nd Ave N | Fargo, ND 58102
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- LoopNet Team
1151 32nd Ave N
Fargo, ND 58102
U32 · Multifamily Property For Sale
·
233 Units
INVESTMENT HIGHLIGHTS
- Includes 4-acres to develop an additional 117-units.
- +7% Rent Growth on Pre-Leased Units
- 47% Pre-Leased for the 2021-2022 School Year
PROPERTY FACTS
| No. Units | 233 | Building Size | 261,970 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2017 |
| Building Class | B | Parking Ratio | 1.4/1,000 SF |
| Lot Size | 12.07 AC | ||
| Zoning | MR-3 | ||
| No. Units | 233 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 12.07 AC |
| Building Size | 261,970 SF |
| Average Occupancy | 87% |
| No. Stories | 5 |
| Year Built | 2017 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | MR-3 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- Ceiling Fans
- Refrigerator
- Oven
- Walk-In Closets
SITE AMENITIES
- Business Center
- Fitness Center
- Picnic Area
- Sauna
- Security System
- Basketball Court
- Grill
- Racquetball Court
- Trash Pickup - Door to Door
- Volleyball Court
- Bicycle Storage
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 45 | $767.50 | - |
| 1+1 | 57 | $940.00 | - |
| 2+2 | 87 | $1,280 | - |
| 3+2 | 26 | $1,740 | - |
| 4+2 | 18 | $2,305 | - |
PROPERTY TAXES
| Parcel Number | 01-8638-00100-000 | Improvements Assessment | $13,879,000 |
| Land Assessment | $920,500 | Total Assessment | $14,799,500 |
PROPERTY TAXES
Parcel Number
01-8638-00100-000
Land Assessment
$920,500
Improvements Assessment
$13,879,000
Total Assessment
$14,799,500
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