815 College Dr - Apartments FOR SALE


New Town, ND 58763
$23,835,000 USD
415-789-5530
815 College Dr, New Town, ND for Sale
$23,835,000 USD
Apartments - FOR SALE
1/1
null | 10% Cap Rate

815 College Dr
New Town, ND 58763


OVERVIEW

79 units, five-plex located in New Town at the center of Bakken oil plan. NOI $2,383,536; 9.5% cap rate sales; sale price $23,835,000 closing anytime. Expect 75 % credit tenants; seller lease back for 1 year at 100%. New Apartments in New Town, North Dakota, fully leased by seller, perfect 1031 exchange property. *all figures are projected; please contact listing brokerage for details.

FOR SALE DETAILS

PRICE

$23,835,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

104

PRICE/UNIT

$229,183

CAP RATE

10%

% LEASED

72%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dakota Acres

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.88 AC

LAND SF

299,693 SF

ZONING

-

APN/PARCEL ID

46-0012105

ASK ABOUT THIS PROPERTY

Gary PinkstonMP Financial Group, Ltd (RB-16590),CA Lic#01026916More Info
415-789-5530

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Gary PinkstonMP Financial Group, Ltd (RB-16590),CA Lic#01026916More Info
415-789-5530

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.