Overview

Description

Bankruptcy Auction – Dormitory Style Housing

Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Sothern District of Texas

Multiple Dormitory Style Housing in the Bakken Oil Fields, Williston, North Dakota. Selling 2.36 Acres of land including four 4,144 +|- SF dormitory style buildings. Building Three consists of four apartments (2 on ground floor & 2 on second floor) consisting common living, dining, kitchen, laundry & two bedrooms each with toilet, sink & shower. Note: Ground floor apartments are handicap accessible. Buildings Four, Five & Six consist of two apartments consisting of common living, dining, kitchen, laundry & six bedrooms (2 on ground floor & 4 on second floor). There are ten total apartments and forty-four bedrooms. Average rents range from $2,000 to $3,000 per month/apartment. NOTE: There are two more buildings on the property, owned by RS Bakken One LLC, which are NOT INCLUDED in the auction and will not convey at closing except for the ground lease entered into by tenant, RS Bakken One LLC, and debtor, Mountain Express Oil Company.

DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!

• Land Area Gross: 2.36 AC’s or 102,802 SF +|- of land
• Flood Zone Determination: OUT
• Building 3
o Built in 2012
o Reinforced Concrete Slab
o Vinyl Exterior Siding
o Composite Shingle Roof
o HVAC: Electric
o Asphalt Parking
o 4,144 SF, 2-Story, Dormitory Style Housing with (4) Apartments each with independent access on the first floor. Each Apartment has a common living, dining, kitchen, laundry and (2) Bedrooms each with toilet, sink and shower. Note: (2) of the apartments are both first floor only and are handicap accessible, while the other (2) apartments are on the second floor. Each apartment also has its own HVAC Closet.
• Building 4
o Built in 2012
o Reinforced Concrete Slab
o Vinyl Exterior Siding
o Composite Shingle Roof
o HVAC: Electric
o Asphalt Parking
o 4,144 SF, 2-Story, Dormitory Style Housing with (2) Apartments each with independent access on the first floor. Each Apartment has a total of (6) Bedrooms, Shower & Sink. The first floor of each apartment consists of a common living, dining, kitchen, laundry and (2) independent bedrooms each with a toilet, sink and shower. The second floor of each apartment consists of (4) independent bedrooms each with a toilet, sink and shower. Each apartment also has its own HVAC Closet.
• Building 5
o Built in 2012
o Reinforced Concrete Slab
o Vinyl Exterior Siding
o Composite Shingle Roof
o HVAC: Electric
o Asphalt Parking
o 4,144 SF, 2-Story, Dormitory Style Housing with (2) Apartments each with independent access on the first floor. Each Apartment has a total of (6) Bedrooms, Shower & Sink. The first floor of each apartment consists of a common living, dining, kitchen, laundry and (2) independent bedrooms each with a toilet, sink and shower. The second floor of each apartment consists of (4) independent bedrooms each with a toilet, sink and shower. Each apartment also has its own HVAC Closet.
• Building 6
o Built in 2012
o Reinforced Concrete Slab
o Vinyl Exterior Siding
o Composite Shingle Roof
o HVAC: Electric
o Asphalt Parking
o 4,144 SF, 2-Story, Dormitory Style Housing with (2) Apartments each with independent access on the first floor. Each Apartment has a total of (6) Bedrooms, Shower & Sink. The first floor of each apartment consists of a common living, dining, kitchen, laundry and (2) independent bedrooms each with a toilet, sink and shower. The second floor of each apartment consists of (4) independent bedrooms each with a toilet, sink and shower. Each apartment also has its own HVAC Closet.

• How many ingress/egress gates are on the property: 2
• Zoning: C Commercial District
• Topography: Generally, Level and at Street Grade
• Utilities:
o Electricity: On Site
o Water/Sewer: Northwest Rural Water/Septic


Kelly Toney, Tranzon Asset Advisors, Court Appointed Auctioneer for the
U.S. Bankruptcy Court, the Southern District of Texas, Houston

Highlights

• Bankruptcy Auction – Dormitory Style Housing
• Online bidding ends April 24th at 11:00 am ET

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