Watford Area Employee Housing Reduced 3.6 Million

Watford City, ND (McKenzie County)

Employee Living Quarters

Asking Price:$1,200,000

Gross Revenue:N/A

Price/Sq. Ft.:N/A

NOI:N/A

Building Sq. Ft.:N/A

FF&E:N/A

Year Built:N/A

Watford Area Employee Housing Reduced 3.6 Million

Get Financing Save Print Share Valuation Report

Property Description

$88,800 gross profit/month
85 rental spaces
Tremendous monthly cash flow
Area of tremendous rental shortage
100% occupancy
Great location
A HUGE REDUCTION BY 3.6 MILLION

Detailed Information

Type:
Multi-Family
Building Status:
Established
Facilities:
ALL MOST HOME DRASTICALLY REDUCED BY MORE THAN 3.6 Million THIS IS A MONEY MAKER! PRELIMINARY COUNTY APPROVAL FOR COMPLETE MOBILE HOME PERMIT! THIS WILL MORE THAN DOUBLE THE SPACES AVAILABLE TO RENT! THIS WILL TAKE THE CAP RATE OUT OF SIGHT! 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.
Location Description:
McKenzie County, ND is the fastest growing county (by %) in the United States and has the most active drilling for wells in the Bakken. This property is located in the center of the Bakken, approximately 2.5 miles SE of Arnegard, 9 miles from Watford City and 41 miles from Williston, ND. This is a very fast growing area with estimated truck/car traffic of over 20,000/day on Hwy 85. An excellent location with lots of activity and a tremendous housing shortage. It is zoned "Rural Commercial" which is very difficult to get.

Listing Statistics for Premium Members

Ad#:1241560 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Lyle Dunham

Property Listed By:
Lyle Dunham

Stratus Consulting

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Club Pilates

Franchise Opportunity
Capital Required: $158,252