2046 125Th T Ave Watford City, ND 58854
- Apartment buildings
- 12,000 SF
- 9.96 lot acres
Current Use by Public Records
- IndiGenius Development LLC / Contractor
Property Details for 2046 125Th T Ave
- Year built
- 2012
- Lot size
- 9.96 lot acres
- Property size
- 12,000 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 38-unit apartment complex ideally situated in Watford City, North Dakota, at 2046 125T Ave NW, 58854. The property, built in 2012, encompasses two 6,000 square foot apartment buildings situated on a generous 9.96-acre lot. Each of the 38 apartments boasts a private entrance, spacious bedrooms with built-in shelving, and full bathrooms complete with a tub and shower. Residents enjoy access to shared amenities including a large kitchen, a combined TV/exercise room, and a convenient laundry room. The property also features a full reception area with dedicated office space, ample parking, and a 676 square foot storage shop. This multifamily property offers significant potential for investors seeking a strong return in a thriving market. The complex's location in the heart of the oil industry makes it particularly attractive for workforce housing. The total square footage of the buildings is 12,000 square feet. The asking price for this turnkey operation is $1,490,000. This is a rare opportunity to acquire a well-maintained, established apartment complex with excellent potential for future growth.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Watford City
- County
- McKenzie
- State
- North Dakota
- Longitude
- -103.264
- Latitude
- 47.7103
