Prairie Meadows Townhomes | 3945 Highway 8
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Prairie Meadows Townhomes 3945 Highway 8
48 Unit Apartment Building For Sale New Town, ND 58763
Investment Highlights
- Newly-constructed community featuring 48 spacious 2 bed/1 bath single-level units
- Due to limited labor availability, high material costs, and decreased access to construction financing. new multifamily supply is not coming to market
- Located in the heart of the Bakken just east of New Town, a short drive from Stanley and only one mile from Van Hook Recreational Park
Executive Summary
Prairie Meadows Townhomes Features 48 Spacious 2 Bed/1 Bath Single-Level Units
Each Unit is 1,024 +/- RSF and Comes With an Extra-Wide Detached Garage
Some Units are Furnished
Property Totals 49,152 +/- RSF and is Situated on a 12.4 AC Parcel
Unit Features: Walk-in Closet; Mudroom with Double Doors; Storage Space; Full-size Washer/Dryer; Refrigerator; Microwave; Dishwasher; Range; Double Kitchen Sink; Utility Closet
Community Features: Garden; Dog Walking Trails; Extra Parking; Security Cameras
Flooring & Painting Updates Completed in 2024
Parcel ID: 450008903
Built in 2015
Located in the Heart of the Bakken Just East of New Town, a Short Drive from Stanley, and Only One Mile from Van Hook Recreational Park
With Ever-Increasing Bakken Oil and Gas Production, Area Housing Supply Continues to Decrease Leading to Forecasts of Strong Occupancy and Upward-Trending Rental Rates
Due to Limited Labor Availability, Higher Material Costs, and Decreased Access to Construction Financing, New Multifamily Supply is Not Coming to Market in the Near Future
Each Unit is 1,024 +/- RSF and Comes With an Extra-Wide Detached Garage
Some Units are Furnished
Property Totals 49,152 +/- RSF and is Situated on a 12.4 AC Parcel
Unit Features: Walk-in Closet; Mudroom with Double Doors; Storage Space; Full-size Washer/Dryer; Refrigerator; Microwave; Dishwasher; Range; Double Kitchen Sink; Utility Closet
Community Features: Garden; Dog Walking Trails; Extra Parking; Security Cameras
Flooring & Painting Updates Completed in 2024
Parcel ID: 450008903
Built in 2015
Located in the Heart of the Bakken Just East of New Town, a Short Drive from Stanley, and Only One Mile from Van Hook Recreational Park
With Ever-Increasing Bakken Oil and Gas Production, Area Housing Supply Continues to Decrease Leading to Forecasts of Strong Occupancy and Upward-Trending Rental Rates
Due to Limited Labor Availability, Higher Material Costs, and Decreased Access to Construction Financing, New Multifamily Supply is Not Coming to Market in the Near Future
Data Room Click Here to Access
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 48 | Lot Size | 12.40 AC |
| Property Type | Multifamily | Building Size | 49,152 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 2015 |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 12.40 AC |
| Building Size | 49,152 SF |
| No. Stories | 1 |
| Year Built | 2015 |
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Ice Maker
- Refrigerator
- Oven
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Family Room
- Freezer
- Garden
- Linen Closet
- Mud Room
- Pantry
Site Amenities
- Security System
- Dry Cleaning Service
- Laundry Service
- Walking/Biking Trails
- Zen Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 48 | - | 1,024 |
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Prairie Meadows Townhomes | 3945 Highway 8
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