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124 -unit Mobile Home Park on 19 AC Lot 2600 University Ave 124 Mobile Home Park Units Online Auction Sale Williston, ND 58801
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Investment Highlights
- 124-unit mobile home park is situated on a substantial 19.98-acre site in one of the state's strongest economic markets with increased house demand.
- Significant value-add potential, positioned for lease-up in Williston's growing workforce housing market in North Dakotas 6th largest city.
- Positioned in proximity to major demand drives, including Williston State College and CHI St. Alexius Health Williston Medical Center.
- Located in the heart of the Bakken energy region, with strong economic fundamentals driven by oil, gas, agriculture, and regional population growth.
- Williston Living is not subject to rent control restrictions and is situated in an area with adequate access to medical, commercial, and essential ser
- Prime location with seamless access to Route 2 positioned 18 miles from the North Dakota-Montana border and 60 miles from the U.S.-Canada border.
Executive Summary
Discover Williston Living Mobile Homes, a 124-unit mobile home park situated on a substantial 19.98-acre site at 2600 University Avenue in the heart of North Dakota's thriving Bakken region. Featuring spacious three-bedroom mobile homes with individual yards, Williston Living appeals to workforce tenants and long-term residents seeking affordable housing alternatives. Residents benefit from ample parking, direct access to public water and sewer, and a tenant-friendly utility structure in which all utilities are paid directly by tenants, helping to reduce operating expenses and management responsibilities. The property's generous land area and existing infrastructure provide additional potential for future enhancements and long-term appreciation, while lease-up and operational improvements offer significant upside potential, creating an attractive value-add opportunity to increase cash flow and maximize returns.
Located near the scenic Missouri River, the community combines a peaceful residential setting with access to Williston's expanding economic base. Positioned with easy access to Route 2, Williston Living offers convenient access throughout Williston and the surrounding region. Proximity to Williston State College and CHI St. Alexius Health Williston Medical Center creates significant housing demand. Nearby shopping centers, restaurants, schools, parks, the Williston Train Station, and recreational amenities are all located within minutes, enhancing the property's appeal and tenant retention potential.
Williston serves as the economic, educational, and healthcare hub of northwestern North Dakota and northeastern Montana, supporting a trade area of more than 100,000 residents. The surrounding area offers strong demographic fundamentals, including an average household income exceeding $117,000, supporting long-term housing demand. As the sixth-largest city in North Dakota, Williston has experienced substantial growth driven by the region's oil, gas, and agricultural industries. Located approximately 18 miles from the North Dakota-Montana border and 60 miles from the U.S.-Canada border, the city continues to attract employers, workers, and residents seeking opportunities within the Bakken formation, one of North America's most productive energy regions.
With strong economic drivers, tenant-paid utilities, public infrastructure, and substantial lease-up potential, Williston Living offers investors the opportunity to acquire a sizeable, manufactured housing asset positioned to benefit from continued regional growth and rising demand for affordable housing in the Williston market.
Located near the scenic Missouri River, the community combines a peaceful residential setting with access to Williston's expanding economic base. Positioned with easy access to Route 2, Williston Living offers convenient access throughout Williston and the surrounding region. Proximity to Williston State College and CHI St. Alexius Health Williston Medical Center creates significant housing demand. Nearby shopping centers, restaurants, schools, parks, the Williston Train Station, and recreational amenities are all located within minutes, enhancing the property's appeal and tenant retention potential.
Williston serves as the economic, educational, and healthcare hub of northwestern North Dakota and northeastern Montana, supporting a trade area of more than 100,000 residents. The surrounding area offers strong demographic fundamentals, including an average household income exceeding $117,000, supporting long-term housing demand. As the sixth-largest city in North Dakota, Williston has experienced substantial growth driven by the region's oil, gas, and agricultural industries. Located approximately 18 miles from the North Dakota-Montana border and 60 miles from the U.S.-Canada border, the city continues to attract employers, workers, and residents seeking opportunities within the Bakken formation, one of North America's most productive energy regions.
With strong economic drivers, tenant-paid utilities, public infrastructure, and substantial lease-up potential, Williston Living offers investors the opportunity to acquire a sizeable, manufactured housing asset positioned to benefit from continued regional growth and rising demand for affordable housing in the Williston market.
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Offering Memorandum Click Here to Access
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- Offering Memorandum
- Property Information
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Register to Bid Instructions
Property Facts
| Sale Type | Investment | Building Class | C |
| Sale Condition | Auction Sale | Lot Size | 19.98 AC |
| Type of Ownership | Fee Simple | Building Size | 100,000 SF |
| No. Units | 124 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Manufactured Housing/Mobile Home | Parcel Number | 01-803-00-47-12-100 |
| Apartment Style | Single-Family Home |
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 124 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 19.98 AC |
| Building Size | 100,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Parcel Number | 01-803-00-47-12-100 |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Sale Advisors
Sale Advisors
Kyle Ferderer, First Vice President
Kyle Ferderer joined CBRE ND as an associate in 2020. His primary focus is on private client and institutional spaces, with an emphasis on investment properties. Kyle is driven by an unrelenting commitment to deliver superior client outcomes, equipping his clients with the most accurate and up-to-date information to maximize value and mitigate risk. Since joining the team, he has brokered over $120M worth of transactions and has positioned himself as a trusted advisor in the region. Prior to joining CBRE, Kyle attended North Dakota State University where he studied Finance and Accounting while playing Division-1 Men's Baseball for the Bison. Kyle excels at fostering strong relationships through his diligence, creativity and dedication to clients.
Chance Lindsey, CCIM, SIOR Senior Vice President
Chance Lindsey is currently leading the advisory and transaction services in North Dakota, with offices in Fargo and Williston. Since 2008, Mr. Lindsey was the founder and president of Opulent Real Estate Investment Group located in Minneapolis, Minnesota. Mr. Lindsey gained extensive experience through representing institutional and entrepreneurial investors from across the United States. Throughout his successful career, Mr. Lindsey has listed and sold retail shopping centers, single tenant net leased retail, multifamily properties, residential subdivisions, hotels, office buildings, industrial warehouse buildings and development built-to-suits. He also has extensive experience with 1031 tax-deferred exchanges and distressed properties. Mr. Lindsey has completed assignments for tenant representation, project leasing and landlord representation for retail, office and industrial warehouse buildings. In total, Mr. Lindsey has completed more than $1 billion in sales transactions and leased over 1.5 million square feet. Mr. Lindsey is a graduate of North Dakota State University. He is an active member of the International Council of Shopping Centers (ICSC) and the Minnesota Commercial Association of Realtors (MNCAR).
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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124 -unit Mobile Home Park on 19 AC Lot | 2600 University Ave
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