The property is being sold subject to a land lease, which the lessee may cancel. The new owner may operate the business or terminate the lease and move the modular buildings elsewhere. In Jan., 2015 the 100 units were appraised at $7 million. Daily, weekly and monthly rentals are available.
In addition to the one and two bedroom fully-furnished modular homes, there are laundry facilities, recreation and fitness areas, a restaurant as well as internet and cable access.
MHProNews understands online bidding lasts for two hours, all done by the internet. Bidders will be required to send a registration deposit of $75,000 in advance of being eligible to bid. The sale may be related to the downturn in demand for domestic oil production. ##
(Photo credit: bakken–Eagles Lodging, modular workforce housing in Sydney, Montana)
