West Fargo, ND, Leaseback Opportunity with $24,700 in Pre-Paid Rent

Cass County, West Fargo, ND, 58078
Sold
Listed at: September 10th, 2024
Price
$224,000
Sq. Footage
1909
Type
Single-Family
Parking
Attached Garage
Year build
2003
Lot size
0.04 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

SFR with a 1-year leaseback paid upfront and no HOA. Located near Hector International Airport and North Dakota State University, offering excellent rental potential. 

The property has undergone key upgrades, making it a low-maintenance investment. These include a finished basement, a new roof, and hardwood floors. A backyard deck adds further appeal for tenants. 

Minor repairs are needed, but no major repairs are required. The property is in excellent condition.

The area boasts rapid growth, supported by a strong economy, and outdoor activities. With its affordable cost of living and low crime rates, this property promises strong demand and stable returns for investors

Asking Price: $224,000
Estimated Market Value: $280,000
Discount: $56,000

Pre-Paid Rent: $22,800
Security Deposit: $1,900
Total Seller Prepaid Rents: $24,700
Immediate Cash Flow: $80,700 (Equity + Pre-Paid Rent)

For additional details about this property Click here 

𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥: 𝗗𝗢 𝗡𝗢𝗧 𝗖𝗢𝗡𝗧𝗔𝗖𝗧 𝗧𝗛𝗘 𝗢𝗪𝗡𝗘𝗥/𝗦𝗘𝗟𝗟𝗘𝗥 𝗪𝗜𝗧𝗛𝗢𝗨𝗧 𝗢𝗨𝗥 𝗘𝗫𝗣𝗟𝗜𝗖𝗜𝗧 𝗖𝗢𝗡𝗦𝗘𝗡𝗧. 𝗔𝗡𝗬 𝗔𝗧𝗧𝗘𝗠𝗣𝗧𝗦 𝗧𝗢 𝗥𝗘𝗡𝗘𝗚𝗢𝗧𝗜𝗔𝗧𝗘 𝗢𝗥 𝗖𝗢𝗡𝗧𝗔𝗖𝗧 𝗧𝗛𝗘 𝗦𝗘𝗟𝗟𝗘𝗥 𝗪𝗜𝗟𝗟 𝗥𝗘𝗦𝗨𝗟𝗧 𝗜𝗡 𝗟𝗘𝗚𝗔𝗟 𝗔𝗖𝗧𝗜𝗢𝗡

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Alejandro Arias

No reviews

Disposition manager