This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

949 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Dakota Acres 815 College Dr

104 Unit Apartment Building $23,835,000 ($229,183/Unit) 10% Cap Rate New Town, ND 58763

Apartment Buildings North Dakota New Town 815 College Dr, New Town, ND 58763

Executive Summary

79 units, five-plex located in New Town at the center of Bakken oil plan. NOI $2,383,536; 9.5% cap rate sales; sale price $23,835,000 closing anytime. Expect 75 % credit tenants; seller lease back for 1 year at 100%.
New Apartments in New Town, North Dakota, fully leased by seller, perfect 1031 exchange property.
*all figures are projected; please contact listing brokerage for details.

Property Facts

Price $23,835,000 Apartment Style Garden
Price Per Unit $229,183 Building Class B
Sale Type Investment Lot Size 6.88 AC
Cap Rate 10% Building Size 104,000 SF
No. Units 104 Average Occupancy 72%
Property Type Multifamily No. Stories 2
Property Subtype Apartment Year Built 2015
Price $23,835,000
Price Per Unit $229,183
Sale Type Investment
Cap Rate 10%
No. Units 104
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 6.88 AC
Building Size 104,000 SF
Average Occupancy 72%
No. Stories 2
Year Built 2015

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Granite Countertops
  • Ice Maker
  • Refrigerator
  • Range
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Property Manager on Site
1 of 1
(415) 789-5530

  • Listing ID: 3680367

  • Date on Market: 9/18/2014

  • Last Updated:

  • Address: 815 College Dr, New Town, ND 58763

1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/2
815 College Dr, New Town, ND for sale Building Photo- Image 1 of 2
Primary Photo

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Dakota Acres | 815 College Dr
(415) 789-5530 x

Dakota Acres | 815 College Dr

Gary Pinkston

(415) 789-5530

(415) 789-5530

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link