2910-3002 17Th Ave Williston, ND 58801

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.

Location Insight

City

Williston

County

Williams

State

North Dakota

Longitude

-103.648

Latitude

48.1715