3945 Highway 8
New Town, ND 58763
Prairie Meadows Townhomes · Multifamily Property For Sale
·
48 Units
Investment Highlights
- Newly-constructed community featuring 48 spacious 2 bed/1 bath single-level units
- Due to limited labor availability, high material costs, and decreased access to construction financing. new multifamily supply is not coming to market
- 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
Property Facts
| No. Units | 48 | Lot Size | 12.45 AC |
| Property Type | Multifamily | Building Size | 49,152 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 2015 |
| Building Class | B |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 12.45 AC |
| Building Size | 49,152 SF |
| No. Stories | 1 |
| Year Built | 2015 |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Ice Maker
- Refrigerator
- Oven
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Family Room
- Freezer
- Garden
- Linen Closet
- Mud Room
- Pantry
Site Amenities
- Security System
- Dry Cleaning Service
- Laundry Service
- Walking/Biking Trails
- Zen Garden
About 3945 HIGHWAY 8 , NEW TOWN, ND 58763
Prairie Meadows Townhomes Features 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 Flooring & Painting Updates Completed in 2024 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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 48 | - | 1,024 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,210,900 | |
| Land Assessment | $103,850 | Total Assessment | $2,314,750 |
Property Taxes
