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2910-3002 17Th Ave Williston, ND 58801

For Sale
$2,250,000

48-Unit Apartment Complex, High Demand

Description

Added:
Dec 11, 2024
Days on Market:
370
This exceptional multifamily investment opportunity consists of two three-story apartment buildings situated on a 1.9-acre lot in Williston, North Dakota. The property, located at 2910-3002 17th Ave, comprises 48 units, offering a mix of studio, one-bedroom, and two-bedroom apartments. Each building houses 24 units, providing a balanced and efficient layout. Unit features include ranges, refrigerators, air conditioners, electric heat, storage closets, and full carpeting. Community amenities are extensive and cater to residents' needs, encompassing laundry facilities, off-street parking with plug-ins, available garages, a picnic area, bike racks, lighted parking lots, postal mail drops, handicap accessibility, and an onsite leasing office. The property is conveniently located three miles northeast of downtown Williston, offering easy access to area schools, amenities, major highways, and the upcoming Sloulin Field Redevelopment project. Built in 1981, this property has shown significant improvement in the past year, boasting a more than 15% increase in occupancy. The unit breakdown includes three studio/one-bath units, nine one-bedroom/one-bath units, and 36 two-bedroom/one-bath units. This property presents a compelling investment opportunity in Williston, ND, a thriving market fueled by the Bakken oil and gas industry and experiencing high housing demand. The asking price is $2,250,000, translating to $46,875 per unit. This represents a strong value proposition in a robust and growing market.

Property Features for 2910-3002 17Th Ave

General Information

Property type
Multifamily properties

Building Details

Year Built
1981
Buildings
2
Stories
3
Units
48

HighLights

  • 15%+ occupancy increase over the past year.
  • Two three‑story garden‑style apartment buildings totaling 48 units on 1.9 acres.
  • Unit mix: 3 studios/1 bath, 9 one‑bed/one‑bath, and 36 two‑bed/one‑bath units.
  • Amenities include laundry facilities, off‑street parking with plug‑ins, garages, picnic area, bike racks, lighted parking lots, mail drops, handicap accessibility, onsite leasing office, and a smoke‑free environment.
  • Units feature ranges, refrigerators, air conditioning, electric heat, storage closets, and full carpeting. Located three miles northeast of downtown Williston, near schools, amenities, highways, and the Sloulin Field Redevelopment project.
  • Located in Williston, ND, the Bakken oil and gas production hub, experiencing high housing demand.
Property Profile Location Intelligence

Current Use by Public Records

Pheasant Run Apartments Apartment Building

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Williston
County
Williams
State
North Dakota
Longitude
-103.6478476
Latitude
48.1715001

FAQs

What type of property is this?
Multifamily property - 48-Unit Apartment Complex, High Demand
Where is this multifamily property located?
The property is located at 2910-3002 17Th Ave Williston, ND.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 15%+ occupancy increase over the past year.; Two three-story garden-style apartment buildings totaling 48 units on 1.9 acres.; Unit mix: 3 studios/1 bath, 9 one-bed/one-bath, and 36 two-bed/one-bath units.
More about this property
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