Auction Note

LC Trailer Court LLC - Bowman, ND WRITTEN BID AUCTION Written Bids Due Thursday, August 1, 2019 - 5:00 p.m. (MT) Pifer's Auction & Realty - Bowman, ND *Subject to Prior Sale*   Written Bids should be sent to: Ali Paulson Pifer’s Auction & Realty Att: Ali Paulson – Written Bid PO Box 178 • Bowman, ND 58623 Or email bids to: ali@pifers.com   Address: 85th St. SW - Bowman, ND   Property Note:  This property has proven to be a great investment with an ideal location and current tenants in place.  The property has convenient access with US Hwy. #85 Frontage.   The trailer court has been very well maintained and updated to keep with state code.  The water thermo lines have all been updated over the past 5 years, with 3 completed in the spring of 2019.  The electrical has all been updated with new transformers and meters in 2018.  This type of business has been shown to be needed in the area with this trailer court being run at roughly 80% - 90% occupancy during the spring/summer months, as well as with the incoming traffic from area oilfields and pipelines.       Contact: Ali Paulson at 701.206.1046 for more information or Pifer’s Auction & Realty at 877.700.4099 for a complete catalog.   Property Information:   Property Type: 17-Unit Trailer Court Address: 85th St. SW - Bowman, ND Legal Description:  A 5.21 Acre Tract in the S1/2 SE1/4 Section 1-131-102 City Parcel Number:  16-0000-02208-007 Size: 5.21 +/- Acres Zoning: Rural/Commercial Permanent Trailer House/RV Unit Spots:  17 Water: There are 2 wells that service the entire site, all water has been inspected and is compliant with state code. Sewer: The site is serviced by 4 well maintained septic systems that are inspected and are compliant with state code. Taxes (2018): $500.00 (estimate) Rental Income/Expenses The base gross rent for a trailer house is currently $150/month. The base gross rent for an RV is currently $425/month. Average electric bill for all 17 units is estimated at $4,800/year.  Average garbage bill for all 17 units is estimated at $500/year. More detailed information is available to prospective buyers upon request.