11 5th Avenue NW, Parshall, ND 58772 - Property for Sale
Available For Sale - Multifamily
6,831 SF
AVAILABILITY DETAILS
- Size
- 6,831 SF
- Price/SF
- N/A -
Contact for Info
- Listing ID
- SA523042
- Notes
- Online Auction – Immediate Income Stream! 13-Unit MF Apartment Campus
13-Unit Multi-Family Apartment – Bakken Oil Field Area – Partnership Sale
Cash Flow, Cash Flow & More Cash Flow! Great multi-family property near Bakken Oil Patch in Parshall, North Dakota. The property has onsite management and maintenance. Building One was built in 1974 and completely renovated in 2014. Building Two was constructed in 2014 with energy efficiency and the most modern construction systems available. Out of State ownership desires immediate liquidation!
The Property/Maintenance Manager currently occupies Unit #104 in lieu of paying monthly rent. (7) units are currently leased, (3) Units are vacant and ready for lease and (2) units need to be turned (Seller estimates about $8,000/Unit). All units are individually metered. Gross Rent Potential is $10,150/Month or $121,800/Year. The property is clean, expertly constructed, well maintained and a great investment for local or absentee ownership. Family Partnership Requires Immediate Liquidation, Buy at Your Price the Auction Way!
• Located in the eastern Bakken Oil Fields/Parshall Oil Reserve Areas
• Perfect for Corporate Apartments & Oil Field Workforce Rental
• Family Partnership Demands Immediate Liquidation & Sale!
• 13 Unit Multi-Family Apartment Complex in Carefully Maintained Condition
• Easy-Maintenance Site just under ½ Acre (.482ac m/l)
• Excellent Upside for New Owner! Highly Vetted Tenant Occupants!
• Abundant Concrete Parking Areas for Tenants & Guests
• Two Separate Buildings – 8 Units & 5 Units Respectively
• Building 1: 2,492sf m/l with 5 Units
o Built in 1974 – Stud Out Renovation in 2014
o (3) 3 BR/2BA, 843sf per Unit
o (1) 2 BR/2/BA, 560sf Apartment
o (1) 2 BR/1 BA, 560sf Apartment
• Building 2: 4,339sf m/l featuring 8 Sizable Apartment Homes
o New Construction in 2014
o (6) 2 BR/2 BA, 1100 SF each
o (2) 2 BR/2 BA, 1200 SF each
• Each Apartment Residence includes the Following Amenities:
o All Electric HVAC
o Range/Oven Combination
o Refrigerator/Freezer
o Washer & Dryer Included in Each Unit
o Cable & Wi-Fi Ready
o Energy Efficient Dual-Pane Windows
• On-Site Amenities
o Laundry Facilities
o On-Site Property Oversight Mgr.
o Electronic Rental Payment & Application Service
• Utilities include Basin Electric Power & Parshall Water & Sewer
Property Address: 11 5th Avenue NW, Parshall, ND 58772
Online Bidding Ends August 23rd at 2:00 PM CT
Inspection: August 16th at 12:00 PM CT
Auction Summary of Terms of Sale: Terms: All Auctions subject to sale prior to auction date without notice, 10% Buyer’s Premium added to the high bid to create the selling price, Buyer Agents/Brokers Protected - 2% Buyer Broker Fee paid at closing. Taxes Prorated, All properties sold in As-Is, Where-Is Condition, non-contingent purchase contract, Clear Title Guaranteed & other terms apply. Contact Tranzon for full Property Information Package or download at www.tranzon.com or call 713-816-1123 with inquiries.
- Uses
- Multifamily
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Edward Durnil, Tranzon Asset Advisors
BRE# KY. Auctioneer P1734
Edward Durnil, Tranzon Asset Advisors
BRE# KY. Auctioneer P1734
