Prairie Rose Lofts
506 Roberts St N
Fargo, ND 58102
Description
Introducing a prime investment opportunity in the heart of Fargo-Moorhead! This meticulously renovated 6,069 SF mid-rise multifamily property features 12 units, with immediate value and 100% occupancy. Originally built in 1913 and thoughtfully modernized in 2024, it combines historic charm with contemporary comfort. Strategically located in vibrant downtown Fargo, it is ideally situated near North Dakota State University (NDSU) and major employers such as Sanford Health, RDO, and Bell Bank. Zoned for downtown mixed-use (DMU), the property offers versatile potential for both residential and commercial uses. Notably, there is an exceptional opportunity to convert a portion of the units to midterm rentals to capitalize on the proximity to Sanford Health's downtown campus. With its prime location, strong rental demand, and the potential for added revenue through midterm rentals, this asset is poised to deliver long-term returns for the discerning multifamily investor. Seize the chance to invest in this exceptional property and become a part of the dynamic Fargo-Moorhead real estate market today.
In the heart of downtown, this property offers a prime location within walking distance to an array of coffee shops, bars, eateries, and boutiques in Fargo's vibrant downtown. Additionally, it is conveniently situated near North Dakota State University (NDSU) and major employers such as RDO, Bell Bank, and Sanford Health. The combination of proximity to these key destinations and the dynamic atmosphere of downtown makes this location exceptionally desirable.
