3945 Nd-8 New Town, ND 58763

Property Details for 3945 Nd-8

Year built

2015

Lot size

12.40 lot acres

Property size

49,152 SF

Property type

Commercial real estate

Description

This exceptional 48-unit multifamily investment opportunity is situated on a spacious 12.4-acre parcel in New Town, North Dakota. Built in 2015, the property comprises sixteen single-story buildings, totaling 49,152 square feet of net rentable space. Each unit boasts a generous 1,024+/- square feet of living area, featuring two bedrooms and one bathroom. Amenities include an extra-wide detached garage for each unit, and select units are furnished. Interior features are designed for comfort and convenience, including walk-in closets, mudrooms with double doors, ample storage space, and a full-size washer/dryer. The kitchen is equipped with a refrigerator, microwave, dishwasher, range, and double kitchen sink. Community amenities enhance the appeal, offering residents a garden, dog walking trails, extra parking, and security cameras for peace of mind. The property's prime location in the heart of the Bakken oil and gas region, just east of New Town and a short drive from Stanley, ensures strong occupancy and rental rates. Its proximity to Van Hook Recreational Park adds to its desirability. The limited availability of new multifamily construction in the area, due to factors such as labor shortages, increased material costs, and reduced access to construction financing, further strengthens this investment's potential for long-term growth and profitability. The property's APN is 450008903. This is a rare opportunity to acquire a well-maintained, high-demand multifamily property in a thriving market. Contact us today for pricing and further details.

Location Insight

City

New Town

County

Mountrail

State

North Dakota

Longitude

-102.345

Latitude

47.9845