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Dakota Acres 815 College Dr 79 Unit Apartment Building $32,973,099 CAD ($417,381 CAD/Unit) 10% Cap Rate New Town, ND 58763
INVESTMENT HIGHLIGHTS
- Located less than 5 minutes from Hwy 23 and Hwy 1804, and near Fort Berthold College.
- The property features a dedicated on-site manager and 24-hour access, ensuring convenience and security.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $32,973,099 CAD | Apartment Style | Garden |
| Price Per Unit | $417,381 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 6.88 AC |
| Cap Rate | 10% | Building Size | 104,000 SF |
| No. Units | 79 | Average Occupancy | 72% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2015 |
| Price | $32,973,099 CAD |
| Price Per Unit | $417,381 CAD |
| Sale Type | Investment |
| Cap Rate | 10% |
| No. Units | 79 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.88 AC |
| Building Size | 104,000 SF |
| Average Occupancy | 72% |
| No. Stories | 2 |
| Year Built | 2015 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Ice Maker
- Refrigerator
- Range
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Public Transportation
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 56-0061000 | Improvements Assessment | $4,950,837 CAD |
| Land Assessment | $247,017 CAD | Total Assessment | $5,197,854 CAD |
PROPERTY TAXES
Parcel Number
56-0061000
Land Assessment
$247,017 CAD
Improvements Assessment
$4,950,837 CAD
Total Assessment
$5,197,854 CAD
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Dakota Acres | 815 College Dr
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