Split Arrow Capital Brokers
Split Arrow Capital Brokers
Listed by Split Arrow Capital Brokers
$1,750,000
Black Gold Cabins - Watford City, ND
Details
Property Type Multifamily, Mobile Home Park
Sub Type Workforce Housing
Units 31
Cap Rate 11.59%
NOI $202,800
Tenancy Multi
Acreage 4.990
Investment Type Value Add
Workforce Housing | Bakken Oil Field
Marketing description
Property Description
- Workforce Housing play in the Bakken Oil Field City of Watford City, ND
- Population in the town had quadrupled in the last 25 years
- Park is made up of long and short term guests.
Location Description
Discover the thriving and dynamic community of Watford City, ND, where Black Gold Cabins is located. Enjoy easy access to an array of local amenities, including the scenic Theodore Roosevelt National Park, Rough Rider Center, and Long X Trading Post. Residents can explore the great outdoors with hiking and biking trails, or immerse themselves in local history and culture at the Pioneer Museum of McKenzie County. Take advantage of nearby dining options, shopping centers, and entertainment venues, all within reach of the property. Experience the perfect balance of rural charm and modern convenience in this vibrant area.
Investment highlights
- McKenzie County is one of the top oil producing counties in the Country being located in the Bakken Oil field
- Local Manager in Place
- Simple Design & Layout
- Short term & Long Term tenant base
- Room to increase stays through marketing
Listing Contacts
Split Arrow Capital Brokers
Split Arrow Capital Brokers
Listed by Split Arrow Capital Brokers
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$202,800.00
$16,900.00/mo
Valuation Metrics
0
DSCR
11.59%
Cap Rate
11.59%
ROI
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