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Dakota Acres 815 College Dr 79 Unit Apartment Building $23,835,000 ($301,709/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 | $23,835,000 | Apartment Style | Garden |
| Price Per Unit | $301,709 | 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 | $23,835,000 |
| Price Per Unit | $301,709 |
| 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 | $3,513,450 |
| Land Assessment | $175,300 | Total Assessment | $3,688,750 |
Property Taxes
Parcel Number
56-0061000
Land Assessment
$175,300
Improvements Assessment
$3,513,450
Total Assessment
$3,688,750
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Dakota Acres | 815 College Dr
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