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KJT Place - West Acres 3502 Interstate Blvd 25 Unit Apartment Building $1,250,000 ($50,000/Unit) 7% Cap Rate Fargo, ND 58103
EXECUTIVE SUMMARY
This is an opportunity to own a 25 unit multifamily building with lower current rents and a potential for upside. This property has ample land to add garages for the units and is currently at over 90% occupancy.
PROPERTY FACTS Under Contract
| Price | $1,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $50,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.40 AC |
| Cap Rate | 7% | Building Size | 25,000 SF |
| No. Units | 25 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1994 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | GC | ||
| Price | $1,250,000 |
| Price Per Unit | $50,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.40 AC |
| Building Size | 25,000 SF |
| No. Stories | 1 |
| Year Built | 1994 |
| Opportunity Zone |
Yes |
| Zoning | GC |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 25 | - | 350 - 600 |
1 1
PROPERTY TAXES
| Parcel Number | 01-1420-00131-000 | Improvements Assessment | $338,250 |
| Land Assessment | $167,500 | Total Assessment | $505,750 |
PROPERTY TAXES
Parcel Number
01-1420-00131-000
Land Assessment
$167,500
Improvements Assessment
$338,250
Total Assessment
$505,750
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KJT Place - West Acres | 3502 Interstate Blvd
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