Download - 21-ROOM MOTEL INVESTMENT - LoopNet · 2019. 7. 17. · Energy Real Estate Solutions | 701.713.6606 | 54 25th Street East, Suite E, Williston, ND 58801 | energyreco.com FOR SALE INCOME-PRODUCING

Mike ElliottManaging [email protected]

Energy Real Estate Solutions | 701.713.6606 | 54 25th Street East, Suite E, Williston, ND 58801 | energyreco.com

SALE PRICE $400,000

PROPERTY HIGHLIGHTS

• 6,686 SF three-story motel property on .26 AC

• Property was refurbished in Spring 2017

• Cap Rate: 14%

• Annual NOI: $56,501.76

• 100% occupied: Asset is fully leased to a single tenant expiringMay 2020

• 21 bedrooms

• 8 bathrooms

• 2 living rooms

• 1 kitchen

• Ideally located in downtown Williston, ND providing direct andeasy access to area dining, shopping and amenities

• Market is considered the hub of Bakken oil activity, an area inhigh-demand for local housing

F O R S A L E

INCOME-PRODUCING MULTIFAMILY OPPORTUNITY1 2 1 S T A V E N U E W E S T W I L L I S T O N , N D 5 8 8 0 1

21-ROOM MOTEL INVESTMENT



F O R S A L E



A E R I A L



SUBSTRUCTURE

Footings: Concrete; Slabs: Concrete; Foundation Walls: Concrete

SUPERSTRUCTURE

Framing: Wood; Insulation: Fiberglass; Ventilation: Outside Air; Exterior Walls: Masonite

INTERIOR

Interior Walls; Sheetrock; Division Space: Sheetrock; Stairs: Wood; Floor System: Plywood; Ceiling: Sheetrock; Floor Coverings: Carpet andWood; Baseboards: Rubber

EQUIPMENT & MECHANICAL

Piping: Galvanized; Fixtures: Showers and Lavatories; Hot Water: Gas; Heating: Gas; A/C: Window Units; Stove: Electric; Refrigerator: Yes

ROOM LIST

• Bedrooms: 21

• Bathrooms: 8 (5 Dorm Style; 3 Private)

• Kitchen: 1

• Living Room: 2

• Office/Apartment: 1 with Separate Entry

• Garage: 3-Car with Roll-Up Doors

F O R S A L E



P R O P E R T Y S P E C I F I C A T I O N S



F O R S A L E



F L O O R P L A N | M A I N F L O O R



F O R S A L E



F L O O R P L A N | S E C O N D F L O O R



F O R S A L E



F L O O R P L A N | B A S E M E N T



POPULATION 1 MILE 5 MILES 10 MILES

Total population 2,480 19,965 23,747

Median age 38.4 38.4 37.4

Median age (Male) 35.0 35.9 35.7

Median age (Female) 42.8 41.9 40.1

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 1,093 8,571 10,144

# of persons per HH 2.3 2.3 2.3

Average HH income $62,032 $66,661 $67,995

Average house value $99,494 $100,079 $102,756

* Demographic data derived from 2010 US Census

F O R S A L E



D E M O G R A P H I C S M A P & R E P O R T