Property History
Property Type
Property Type
Marketing Description
The Long X Mobile Home Park investment consists of 82 quality mobile home units on 17.81 AC.
The property is ideally situated in the main Bakken economic hub of Watford City, ND, an area experiencing significant
workforce and affordable housing needs. With housing demand showing now signs of slowing, this property is well positioned
as an investment with high-return potential.
Investment Highlights
- In November 2018, McKenzie County produced 15,047,747 barrels of oil.
- Due to the resurgence of Bakken oil production activity, Western North Dakota has seen a rapid influx of service workers, dramatically increasing Watford City’s housing demand
- Today’s housing market has a depleted supply, and with no signs of demand waning, this investment is well-positioned for high returns.
- The demand for Bakken oil in the global market is not disappearing anytime soon, keeping North Dakota shale play markets on an upward economic trajectory.
- Watford City’s January 2019 multifamily occupancy rate increased to 95%, up a full 6% from 2017 and an incredible 21% from 2016.
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
There are no additional details for this property
Contacts
Listing removed on
BY:
Michael Nissley PRO
•••.•••.1588
••••.•••sley@••••••••.com
Listing removed on
BY:
Mike Elliott
•••.•••.6606
••••.•••iott@•••••••••••••.com
Map
Comparable Properties
Rental Market Overview
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Watford City, ND (this market)
Williston, ND
Dickinson, ND
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