This property/project has preliminary plat approval for 8-3 story apartment buildings being comprised of 2 and 3 bedroom units for a total of 240 units. Final plat approval will be provided prior to closing. Construction can begin within 5 weeks upon approved design by the buyer. Using a rental rate 25% below current market would provide a net operating income of $5,400,000 when complete for a market value of $45,000,000 using a 12% Cap. The current estimated cost to complete is under $30,000,000. Please call with any questions.
Amazing total of 8-1500 sq. ft. 4 bedroom 2 baths modular located on 1 acre lots in the heart of the Bakken oil!! Watford growth is booming and there is a severe lack of housing. Will sell 1 or all 8 your choice. Ability to add attached garages and/or pole barns. 6-8 weeks to build already have 1 ordered!!
$1,500,000Size Upon Req.
This investment opportunity consists of a 31 unit mobile home park and 30 apartment units (3 and 4 plexes ) fully renovated south side of Mayville ND. Rental units are in high demand with students from Mayville State and with Crystal Sugar in the area.
Price Upon Req.Size Upon Req.
" 82 furnished mobile homes (16 by 80 feet) with a total capacity of 309 beds. Units range from three to four bedrooms. " 72 mobile homes are located in Killdeer, ND (15 acres) and 10 in Belfield, ND (3 acres). All homes were manufactured in 2010 or later. " Units are fully furnished, placed on concrete pier foundations and connected to city sewer and water systems. " The land and mobile homes are wholly owned and can accommodate higher rental revenues without major facility improvements or capital equipment expenditures. " These facilities operate at 100% capacity. Current monthly rental prices range from $2,500 to $3,650 per mobile home. In addition, approximately 75% of rental income is direct-deposited and 25% is received by check. " Projected Net Income for 2014 is $1,820,156.00 " This facility targets oil and gas sector customers in North Dakota. A base of approximately 28 active customers is maintained, and 99% of revenue comes from recurring, active customer rental fees.
Price Upon Req.3,500 SF
Three floor gut rehab project +/- 5,000 square feet of professional live work space Reception area Conference room Large open multi-use work space ADA bathrooms Multiple individual live/work spaces Modernized exterior facade
13 apartment units in Parshall North Dakota. 5 of the units are a remodeled 5 plex from 1970's and remaining 8 units are new building in 2014. The rents are astounding. the unit mix is as follows: one 2 bed 1 bath, one 2 bed 1.5 bath, three 3 bed 1.5 bath and eight 2 bed 2 bath.
Leased 16-plex with a unit mix of 12 2-bedroom 2-bathroom units and 4 3-bedroom 2-bathroom units. Building comes with 7 single car detached garages and 25 parking spaces.
Leased 20-plex with a unit mix of 16 2-bedroom 2-bathroom units and 4 3-bedroom 2-bathroom units. Building is 26,000 square feet on a 1.25 acre lot. Building comes with 20 single car garage spaces. Financial statements including rent roll, P&L, etc. will be afforded to serious buyers.
$4,850,000Size Upon Req.
ALL MOST HOME THIS IS A MONEY MAKER EXPECTED GROSS PROFIT FEBRUARY 2015 $88,800 PER MONTH This 10-acre property has a total of 85 spaces plus 5 spot spaces. 100% occupancy. There are the following bedrooms rented: Eight 16'x80' 2012 modulars with 6 single suites in each one for a total of 48 single suites. Each room has a full bed, bathroom with shower, vanity sink, desk/table, mini fridge/freezer combo, microwave, toaster oven coffee pot & TV. Also a 70'x80' modular unit has 6 three-bedroom apartments for a total 0f 18 bedrooms. Each have full kitchens for full bath, washer & dryer, full beds, large kitchen tables & benches, central air & heat. One 4-bedroom mobile home Three 3-bedroom mobile home Three each 2-bedroom mobile homes. 132nd Avenue NW is scheduled for paving along with Rural (Central) Sewer being brought in to replace septic and drain fields.