Online Auction – Immediate Income Stream 13-Unit MF Apt. Parshall, ND

Property Location MAP

11 5th Avenue NW
Parshall, ND 58772

Property #: TAA2323

Preview Times

August 16th at 12:00 PM CT

Contact Agent

Kelly Toney, CAI
Tranzon Asset Advisors


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

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
    • Built in 1974 – Stud Out Renovation in 2014
    • (3) 3 BR/2BA, 843sf per Unit
    • (1) 2 BR/2/BA, 560sf Apartment
    • (1) 2 BR/1 BA, 560sf Apartment
  • Building 2: 4,339sf m/l featuring 8 Sizable Apartment Homes
    • New Construction in 2014
    • (6) 2 BR/2 BA, 1100 SF each
    • (2) 2 BR/2 BA, 1200 SF each
  • Each Apartment Residence includes the Following Amenities:
    • All Electric HVAC
    • Range/Oven Combination
    • Refrigerator/Freezer
    • Washer & Dryer Included in Each Unit
    • Cable & Wi-Fi Ready
    • Energy Efficient Dual-Pane Windows
  • On-Site Amenities
    • Laundry Facilities
    • On-Site Property Oversight Mgr.
    • Electronic Rental Payment & Application Service
  • Utilities include Basin Electric Power & Parshall Water & Sewer

Tranzon Asset Advisors

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Kelly Toney, CAI

Kelly Toney, CAI: Tranzon Asset Advisors


All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 35-Day closing, sold in As-Is , Where-Is condition, no contingencies.
  • Deposit Amount: 10% deposit of the Total Sale Price in guaranteed funds.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

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