12648 23Rd St Watford City, ND 58854
- Apartment buildings
- 55,148 SF
- 10.49 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 12648 23Rd St
- Year built
- 2013
- Lot size
- 10.49 lot acres
- Property size
- 55,148 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents the Telluride Lodge, a 2013-built multifamily complex ideally situated in Watford City, North Dakota, within the heart of the Bakken Oil Fields. Boasting a substantial 55,148 square feet on a 10.49-acre lot, this property comprises 164 furnished one-bedroom apartments and six furnished cabins. The complex is meticulously maintained under professional property management, ensuring a safe and quiet living environment for residents. Convenient amenities include on-site laundry facilities, a fully equipped fitness room, and a community room, enhancing the appeal and value of the property. Each unit features outdoor outlets designed for block heaters, a practical feature in the North Dakota climate. The property's prime location near major roads provides excellent accessibility. Zoned for commercial use, this property offers significant potential for investors seeking a strong return in a thriving market. The asking price is $7,499,000, translating to $135.98 per square foot. This well-managed, high-occupancy complex represents a compelling investment opportunity. Further details are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Watford City
- County
- Williams
- State
- North Dakota
- Longitude
- -103.295
- Latitude
- 47.7453
