Investment Opportunity in the Bakken
AJK Holdings is now offering for sale J&J Apartments-Highland Court, a 27 unit apartment building in New Town.
The property is located in the Bakken Center Oil Region on Hwy 23 East and is one block from downtown.
The apartment building is currently 100% leased and includes the following features:
- A mix of 1, 2 & 3 bedroom units
- Currently 100% leased
- Garages
- Land 300'X300' frontage access road
- Parking
The property is being offered at
$1,700,000
- $350,000 down
- 20 yr. AM/7yr Balloon
- 65% cash on cash return/12 cap rate
- Owners will carry a Contract for Deed at 6%.
- Inspection report is completed for this property and broker participation welcome
Contact
Tony Krejci AJK Holdings, Inc.