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Timber Trails 2415-2501 24th Ave 116 Unit Apartment Building For Sale Williston, ND 58801
Investment Highlights
- Exceptionally Attractive Going-In Basis and Cash Flow
- Significant Capital Improvements | $830K+ Invested
- Muted Supply Driving Market Rent Growth
- High-Quality Construction with Diverse Unit Mix
- Long-Term Owner-Operator (14+ Years)
- Prime and Strategic Location with Strong Connectivity
Executive Summary
MMG Real Estate Advisors is pleased to present the exclusive opportunity to acquire Timber Trails Apartments, a premier 116-unit residential community located in the heart of Williston, North Dakota. Completed in 2012, this asset represents a rare "high-yield, low-basis" play, offering investors the ability to acquire modern, high-quality construction at a significant discount to current replacement costs.
The property delivers immediate, robust cash flow underpinned by a diverse quality unit mix and proximity to the region’s primary economic drivers. With a strategic location providing seamless access to major highways and dominant retail corridors, Timber Trails is perfectly situated to capture the sustained demand for quality housing in one of the nation’s most vital energy hubs.
The property delivers immediate, robust cash flow underpinned by a diverse quality unit mix and proximity to the region’s primary economic drivers. With a strategic location providing seamless access to major highways and dominant retail corridors, Timber Trails is perfectly situated to capture the sustained demand for quality housing in one of the nation’s most vital energy hubs.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 6.13 AC |
| No. Units | 116 | Building Size | 112,290 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2012 |
| Building Class | A | Parking Ratio | 1.6/1,000 SF |
| Sale Type | Investment |
| No. Units | 116 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 6.13 AC |
| Building Size | 112,290 SF |
| Average Occupancy | 87% |
| No. Stories | 3 |
| Year Built | 2012 |
| Parking Ratio | 1.6/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Picnic Area
- Property Manager on Site
- Grill
- Pet Play Area
- Maintenance on site
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | $1,470 CAD | 700 |
| 2+1 | 40 | $1,560 CAD | 900 |
| 2+2 | 40 | $1,639 CAD | 1,010 |
| 3+2 | 18 | $2,003 CAD | 1,300 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 01-662-00-38-15-000 | Improvements Assessment | $4,619,305 CAD (2025) |
| Land Assessment | $1,133,176 CAD (2025) | Total Assessment | $5,752,481 CAD (2025) |
Property Taxes
Parcel Number
01-662-00-38-15-000
Land Assessment
$1,133,176 CAD (2025)
Improvements Assessment
$4,619,305 CAD (2025)
Total Assessment
$5,752,481 CAD (2025)
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Timber Trails | 2415-2501 24th Ave
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