48-Unit Multifamily Investment

For Sale

3945 Highway 8, New Town, ND 58763

This New Town property for sale is located at 3945 Highway 8. Contact the listing broker for details on the current sale price for 48-Unit Multifamily Investment. 48-Unit Multifamily Investment is situated on a lot that is 12.4 acre in size.

Contacts

broker
Mike Elliott

ERES

Property Details

  • Property Type Multi-Family
  • Property Size 49,152 SF
  • Units 48
  • Lot Size 12.4 Acre
  • Additional Rent Contact for pricing
  • Date Updated Dec 2, 2024
Located in the heart of the Bakken just east of New Town and a short drive from Stanely.Newly Constructed Townhome Community
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Highlights

  • Prairie Meadows Townhomes is a newly-constructed community featuring 48 spacious 2 bed/1 bath single-level units
  • Each unit is 1,024 +/- RSF and comes with an extra-wide detached garage
  • Some units are furnished
  • Property totals 49,152 +/- RSF and is situated on a 12.4 AC parcel
  • Unit features: Walk-in closet; Mudroom with double doors; Storage space; Full-size washer/dryer; Refrigerator; Microwave; Dishwasher; Range; Double kitchen sink; Utility closet
  • Community features: Garden; Dog walking trails; Extra parking; Security cameras
  • Parcel ID: 450008903
  • Built in 2015
  • Located in the heart of the Bakken just east of New Town, a short drive from Stanley and only one mile from Van Hook Recreational Park
  • With ever-increasing Bakken oil and gas production, area housing supply continues to decrease leading to forecasts of strong occupancy and upward-trending rental rates
  • Due to limited labor availability, higher material costs, and decreased access to construction financing. new multifamily supply is not coming to market in the near future

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Location

  • City New Town, ND
  • Zip Code 58763
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Contact Listing Broker
broker
Mike Elliott

ERES