Updated but retaining its old-world charm, this property features a fenced-in backyard, garage, finished basement, hardwood floors, and new siding. Located just blocks away from one of the largest universities in the area, this 3 bedroom 2 bathroom single family home presents an attractive rental for the thousands of students in the area.
The Fargo area has a massive demand for renovated properties. According a recent ATTOM report it is the second most profitable flipping market in the country with an average ROI of 187.5%. To take advantage of this, the investment includes a renovation budget to increase the value of the property.
About Fargo
Fargo is the largest city in the state of North Dakota, the 4th fastest growing state in the country. According to a recent report by Attom, home renovations in Fargo offer a staggering 187.5% ROI, the second highest in the country. This investment includes a $10,000 renovation budget which is expected to increase the value of the property by $20,000 in addition to standard annual appreciation rates.
Amazon recently opened a 1.1 million Square foot facility in the city, creating thousands of new jobs. The Fargo area is projected to grow by 50% in the next 25 years, ensuring a high demand for housing for years to come.
Home to the largest university in the state, the Fargo-Moorhead area presents a favorable rental market for accomodating students. This property is located just blocks away from the university and a public park, making it an attractive option for college students or families.
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