Current Use by Public Records
- Pheasant Run Apartments / Apartment Building
Property Details for 2910-3002 17Th Ave
- Year built
- 1981
- Property type
- Apartment buildings
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Williston
- County
- Williams
- State
- North Dakota
- Longitude
- -103.648
- Latitude
- 48.1715
