Massive annual rental returns year on year of up to 41%...land (ZPOC-T2391870)

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Property
22/05/2013 - réf 56150
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» Sale
» Plot
11600€
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Williston

United States

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The Development Prime Freehold Land With Long Term, Passive Rental income. Each spacious plot of freehold, prime located land is connected to all necessary utilities and access roads to enable a safe, convenient and low cost short to long term stay for a motor home owned by the thousands of oil and construction workers in the area. Oil and construction workers with motor homes will rent / lease the land on a weekly basis with the typical tenant staying for anything from 312 months. This provides the benefit of long term, passive income for the investor. In addition, due to the accommodation, in this case the motor home, being owner by the tenant, there are no issues in regards to maintenance, wear and tear or damage of the building. This also ensures that management fees are kept low from the management company and hence provide maximum rental income to the investor. According to recent reports there could be as much as 24 billion barrels of oil in the Bakken Formation. With more oil in reserves than Saudi Arabia and the UAE combined, the pressures from this rapid growth are evident. Due to the extremely new opportunity and remote location of the oil fields in North Dakota, USA, there is currently an incredible shortage of accommodation for 15,000 of these oil workers which means that thousands are having to sleep in tents or else sleep in their cars in sub zero temperatures.Key selling points:Furnished

Agents/Owners
Arkadia
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Price of the real estate or monthly rent if this is a rental or roommate : 11600 €

Date of the last real estate ad update : 22/05/2013