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Mountain Ridge Cabins 2261 Highway 85 37 Unit Apartment Building $3,663,625 CAD ($99,017 CAD/Unit) 8.60% 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 | $3,663,625 CAD | Apartment Style | Garden |
| Price Per Unit | $99,017 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 41.64 AC |
| Cap Rate | 8.60% | Building Size | 23,690 SF |
| No. Units | 37 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment |
| Price | $3,663,625 CAD |
| Price Per Unit | $99,017 CAD |
| Sale Type | Investment |
| Cap Rate | 8.60% |
| 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 | $427,207 CAD |
| Land Assessment | $435,336 CAD | Total Assessment | $862,543 CAD |
PROPERTY TAXES
Parcel Number
65-00-06020
Land Assessment
$435,336 CAD
Improvements Assessment
$427,207 CAD
Total Assessment
$862,543 CAD
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Mountain Ridge Cabins | 2261 Highway 85
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