100719 . 36 Home SFR Williston ND

100719 . 36 Home SFR Williston ND Williston, ND 58801

100719 . 36 Home SFR Williston ND, Williston, ND, 58801
100719 . 36 Home SFR Williston ND, Williston, ND, 58801 100719 . 36 Home SFR Williston ND, Williston, ND, 58801 100719 . 36 Home SFR Williston ND, Williston, ND, 58801 100719 . 36 Home SFR Williston ND, Williston, ND, 58801 100719 . 36 Home SFR Williston ND, Williston, ND, 58801 100719 . 36 Home SFR Williston ND, Williston, ND, 58801
FOR SALE
Property Type:
Other Residential
Amount:
$10,980,000
Cap Rate:
5.12%
Last Verified:
May 10, 2021

Please visit www.SFRhub.com and search for portfolio 100719 for more information. Located in Williston, North Dakota, this SFR investment portfolio opportunity offers an investor immediate cash flow in the Williston market. The homes in this portfolio were all built-in 2015, with the floor plans of the homes ranging between 1450 - 1700 sq/ft. All homes are 2 stories, with 3 bedrooms and 2 baths. Rents throughout the portfolio are approximately 3.5% below projected market rates. Seller built houses during the oil fracking boom in ND and are primarily workforce housing. The seller owns all homes in the community so there is no HOA. Since 2010 Williston has doubled in population and built 43.2% of all housing units, representing a new housing stock to go along with the young median age and expected growth rate. According to neighborhoodscout.com, In the last 10 years, Williston has experienced some of the highest home appreciation rates of any community in the nation. Williston real estate appreciated 87% over the last ten years, which is an average annual home appreciation rate of 6.46%, putting Williston in the top 10% nationally for real estate appreciation. The homes in this portfolio are only 6 years old and priced at $305,000, reflecting the newer home values vs the overall median home value of Williston at $285,210 which includes homes going back to the 1940s. Single-family detached homes have the largest share of any housing type in Williston, accounting for approximately 37% of the city’s housing units, with renters comprising 54% of all occupied housing units. Housing in Williston is primarily two or three-bedroom, built after 2000 (54.3%), giving the city a very new look and feel, or between 1970-1989 (20.2%). According to thecityofwilliston.com, Williston’s economy is built on oil, agriculture, and tourism. It is home to over 200 oil service companies. Several of the top ten oil service companies in the world have operations in Williston. Local Broker License Information: http://www.sfrhub.com/realstatelicensing All SVN® Offices Independently Owned & Operated

Additional URLs

Map of 100719 . 36 Home SFR Williston ND, Williston, ND, 58801

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.