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Mountain Ridge Cabins 2261 Highway 85 37 Unit Apartment Building $2,400,000 ($64,865/Unit) 9.49% Cap Rate Watford City, ND 58854
Investment Highlights
- All units have their own laundry EXCEPT the studios.
- Equipment Included: Snow Blade, Golf Card, Tools, Supplies, Heater
- Municipal Water, Gride Power with 3 Septic Systems.
Executive Summary
This beautiful multi use property would make a great investment for workforce housing.
Call today for this MUST-SEE property tour!
Call today for this MUST-SEE property tour!
Property Facts
| Price | $2,400,000 | Apartment Style | Garden |
| Price Per Unit | $64,865 | Building Class | C |
| Sale Type | Investment | Lot Size | 41.64 AC |
| Cap Rate | 9.49% | Building Size | 23,690 SF |
| No. Units | 37 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment |
| Price | $2,400,000 |
| Price Per Unit | $64,865 |
| Sale Type | Investment |
| Cap Rate | 9.49% |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 41.64 AC |
| Building Size | 23,690 SF |
| No. Stories | 2 |
| Year Built | 2024 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Fireplace
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Playground
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 37 | - | - |
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Property Taxes
| Parcel Number | 65-00-06020 | Improvements Assessment | $302,960 |
| Land Assessment | $308,725 | Total Assessment | $611,685 |
Property Taxes
Parcel Number
65-00-06020
Land Assessment
$308,725
Improvements Assessment
$302,960
Total Assessment
$611,685
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Videos
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Photos
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Mountain Ridge Cabins | 2261 Highway 85
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