2305 11Th Ave Williston, ND 58801
This exceptional 80-acre land parcel presents a remarkable multifamily development opportunity in Williston, North Dakota. Situated within the established Fendee Estates neighborhood, this property boasts a total of 323 lots, meticulously planned for a diverse range of housing options. The layout includes 177 single-family home lots, 20 twin home lots, and 126 homes within 31 four-plex buildings. The site benefits from existing horizontal infrastructure, including water and sewer lines, ensuring a streamlined development process. Furthermore, an on-site wastewater treatment facility is already in place, eliminating a significant hurdle in project planning. Fendee Estates is the first and only gated community in Williston, offering residents enhanced security and exclusivity. The community features paved roads, parks, and playgrounds, adding to its appeal and livability. The property's strategic location near the new airport, Highway 2, and Highway 85 North provides excellent accessibility and connectivity. Phase I of this development saw the successful sale of over 250 lots within a single year (2014), demonstrating strong market demand and potential for rapid return on investment. This is a unique chance to capitalize on the thriving Williston real estate market and create a thriving residential community. The address is 2305 11th Ave W, Williston, ND 58801, Williams County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.