1010 12Th Ave Fargo, ND 58102
This exceptional mixed-use investment property, located at 1010 12th Avenue N in Fargo, North Dakota, presents a compelling opportunity for discerning investors. The property encompasses 3,302 square feet and sits on a 0.12-acre lot, offering convenient access and ample space. The building comprises six individual units, each featuring one bedroom and one bathroom, providing a consistent and potentially lucrative rental income stream. The property is secured, ensuring tenant and investor peace of mind. Residents enjoy the convenience of a shared laundry facility located in the basement, eliminating the need for individual in-unit laundry hookups. Off-street parking is readily available in a designated parking lot situated just east of the building, addressing a key concern for potential tenants. This prime location places the property within close proximity to North Dakota State University (NDSU), attracting a strong pool of potential renters, particularly students and young professionals. Detailed financial information, including rental income and expense data, is available upon request, allowing prospective buyers to conduct a thorough due diligence process. This is an excellent opportunity to acquire a well-maintained, income-generating property in a thriving North Dakota market. The property's strong location, secure design, and attractive unit configuration make it an ideal addition to any investment portfolio.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.