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Black Gold Cabins - Watford City, ND 12262 26th F St NW

31 Unit Mobile Home Park $1,850,000 ($59,677/Unit) 12.62% Cap Rate Watford City, ND 58854

Investment Highlights

  • The Area Has Recently Experienced Growth and Uptick in Construction
  • High Yield Property With a Local Barrier of Entry Due to Zoning Changes
  • McKenzie County Achieved the Highest Growth in Real GDP Among 50 States in the First Quarter of 2023
  • New Hospital and Schools Being Built in Town Showing Local Government's Confidence in Area Growth and Stability
  • McKenzie County is One of the Top Oil Producing Counties in the Country
  • Personal Income in County Has Increased at an Annualized Rate of 11%, Ranking Third in the Country

Executive Summary

Sands Investment Group is Pleased to Present Exclusively For Sale the Black Gold Cabins Located at 12262 26th F Street NW in Watford City, ND. This Deal Includes a High Yield Property Sitting on a 4.99 Acres of Land With a Local Manager in Place Allowing For a More Passive Investment.

In Cooperation With Sands Investment Group North Dakota, LLC - Lic. #3403 BoR: Andrew Ackerman - Lic. ND #11252

Property Facts

Price $1,850,000
Price Per Unit $59,677
Sale Type Investment
Cap Rate 12.62%
No. Units 31
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
Apartment Style Garden
Building Class C
Lot Size 4.99 AC
Building Size 15,500 SF
No. Stories 1
Year Built 2000

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 31 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-00-15800
Land Assessment
$163,750
Improvements Assessment
$1,013,030
Total Assessment
$1,176,780
  • Listing ID: 32384726

  • Date on Market: 7/9/2024

  • Last Updated:

  • Address: 12262 26th F St NW, Watford City, ND 58854

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