Online Auction – Immediate Income Stream! 13-Unit MF Apartment Campus

13-Unit Multi-Family Apartment – Bakken Oil Field Area – Partnership Sale

Cash Flow, Cash Flow & More Cash Flow! Great multi-family property near Bakken Oil Patch in Parshall, North Dakota. The property has onsite management and maintenance. Building One was built in 1974 and completely renovated in 2014. Building Two was constructed in 2014 with energy efficiency and the most modern construction systems available. Out of State ownership desires immediate liquidation!

The Property/Maintenance Manager currently occupies Unit #104 in lieu of paying monthly rent. (7) units are currently leased, (3) Units are vacant and ready for lease and (2) units need to be turned (Seller estimates about $8,000/Unit). All units are individually metered. Gross Rent Potential is $10,150/Month or $121,800/Year. The property is clean, expertly constructed, well maintained and a great investment for local or absentee ownership. Family Partnership Requires Immediate Liquidation, Buy at Your Price the Auction Way!

• Located in the eastern Bakken Oil Fields/Parshall Oil Reserve Areas
• Perfect for Corporate Apartments & Oil Field Workforce Rental
• Family Partnership Demands Immediate Liquidation & Sale!
• 13 Unit Multi-Family Apartment Complex in Carefully Maintained Condition
• Easy-Maintenance Site just under ½ Acre (.482ac m/l)
• Excellent Upside for New Owner! Highly Vetted Tenant Occupants!
• Abundant Concrete Parking Areas for Tenants & Guests
• Two Separate Buildings – 8 Units & 5 Units Respectively

• Building 1: 2,492sf m/l with 5 Units
o Built in 1974 – Stud Out Renovation in 2014
o (3) 3 BR/2BA, 843sf per Unit
o (1) 2 BR/2/BA, 560sf Apartment
o (1) 2 BR/1 BA, 560sf Apartment
• Building 2: 4,339sf m/l featuring 8 Sizable Apartment Homes
o New Construction in 2014
o (6) 2 BR/2 BA, 1100 SF each
o (2) 2 BR/2 BA, 1200 SF each

• Each Apartment Residence includes the Following Amenities:
o All Electric HVAC
o Range/Oven Combination
o Refrigerator/Freezer
o Washer & Dryer Included in Each Unit
o Cable & Wi-Fi Ready
o Energy Efficient Dual-Pane Windows

• On-Site Amenities
o Laundry Facilities
o On-Site Property Oversight Mgr.
o Electronic Rental Payment & Application Service
• Utilities include Basin Electric Power & Parshall Water & Sewer


Property Address: 11 5th Avenue NW, Parshall, ND 58772
Online Bidding Ends August 23rd at 2:00 PM CT
Inspection: August 16th at 12:00 PM CT
Auction Summary of Terms of Sale: Terms: All Auctions subject to sale prior to auction date without notice, 10% Buyer’s Premium added to the high bid to create the selling price, Buyer Agents/Brokers Protected - 2% Buyer Broker Fee paid at closing. Taxes Prorated, All properties sold in As-Is, Where-Is Condition, non-contingent purchase contract, Clear Title Guaranteed & other terms apply. Contact Tranzon for full Property Information Package or download at www.tranzon.com or call 713-816-1123 with inquiries.

Name of Property: Commercial Highway Lots for sale
Acreage: .75 Acres
Location: Highway 31, Krebs Subdivision
Closest Town: McAlester, OK
Access: State Highway 31
Taxes: $313.89/2022
Topography: Gently rolling
Utilities: Electric, water, city sewer, and natural gas
Comments
These three Commercial Lots are located on Highway 31 in Krebs, Oklahoma just on the east side of McAlester, Oklahoma. These three lots may be purchased separately or all together. The total land size is 33,000 square feet. Utilities servicing the property are city water, PSO Electric, city sewer, and natural gas. Highway 31 receives a high traffic count from local traffic going to a from work and non-local traffic from out of the area that is passing through.

The property is approximately two blocks from Pete’s Italian Restaurant that was established in the 1920s, and just a few blocks from Roseanna’s Italian Restaurant that is long established.

City of McAlester Demographics
As of the 2010 census, there were 18,383 people, 7,196 households, and 4,187 families residing in the City. The population density was 1,149.9 people per square mile (437.6/km²). There were 7,685 housing units at an average density of 614.8 per square mile (181.5/km²).

The racial makeup of the city was 70.4% white, 7.1% African American, 12.7% Native American, 0.7% Asian, 0.1% Pacific Islander, 2.1% from other races, and 6.9% from two or more races. Hispanic or Latino of any race was 6.5% of the population.

Household Makeup
Of the 7,196 households, 22.1% had children under the age of 18 living with them, 46.6% were married couples living together, 13.7% had a female householder with no husband present, and 36.4% were non-families. 33.7% of all households were made up of individuals and 15.7% had someone living alone who was 65 years of age or older. The average household size was 2.16 and the average family size was 2.93.

In the City the population was spread out with 22.1% under the age of 18, 72.2% from 18 to 64, and 15.7% who were 65 years of age or older. The median age was 38 years. For every 100 females there were 104.4 males.

Income
The median income for a household in the city was $37,450, and the median income for a family was $36,480. Males had a median income of $31,637 versus $17,849 for females. The per capita income for the city was $20,406. About 16.1% of families and 17.3% of the population were below the poverty line, including 26.8% of those under age 18 and 11.6% of those aged 65 or over.

City of Krebs Demographics:

https://oklahoma.hometownlocator.com/ok/pittsburg/krebs.cfm#demographic

Pittsburg County Demographics:

https://www.census.gov/quickfacts/pittsburgcountyoklahoma

Call Sandy Brock Bahe at 918-470-4710 or Toll Free at 844-WCR-LAND for additional information or to view.