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17 & 23 8th Street South Fargo 23 8th St S 13 Unit Apartment Building $2,918,979 CAD ($224,537 CAD/Unit) 4.35% Cap Rate Fargo, ND 58103

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Executive Summary

Excellent opportunity to acquire a mixed-use investment property in the heart of Downtown Fargo. The property features 4 commercial spaces and 9 residential apartments, providing a diversified income stream from both residential and commercial tenants.
A separate private parking lot with 26 spaces adds significant value in the downtown market and provides additional income potential. The property offers strong existing income with further upside through lease-up, rental rate growth and parking revenue.
With its downtown location, diverse tenant mix and multiple opportunities to increase revenue, this property offers an attractive combination of current income and long-term investment potential. Financial information and additional property details are available upon request.

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Property Facts

Price	$2,918,979 CAD	Building Class	C
Price Per Unit	$224,537 CAD	Lot Size	0.11 AC
Sale Type	Investment	Building Size	15,000 SF
Cap Rate	4.35%	Average Occupancy	92%
Gross Rent Multiplier	11.92	No. Stories	2
No. Units	13	Year Built/Renovated	1901/2017
Property Type	Multifamily	Parking Ratio	1.73/1,000 SF
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Apartments	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	Apartments - Mixed Commercial Use and Apartments

Price	$2,918,979 CAD
Price Per Unit	$224,537 CAD
Sale Type	Investment
Cap Rate	4.35%
Gross Rent Multiplier	11.92
No. Units	13
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Apartments
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.11 AC
Building Size	15,000 SF
Average Occupancy	92%
No. Stories	2
Year Built/Renovated	1901/2017
Parking Ratio	1.73/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Apartments - Mixed Commercial Use and Apartments