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Apartment Complex 315 E Kemp Ave 63 Unit Apartment Building For Sale Watertown, SD 57201
Executive Summary
Bankruptcy Sale: U.S. Bankruptcy Court District of North Dakota (Fargo) Petition No. 25-30004 In re: The Ruins, LLC
Bid Deadline: April 16 by 5:00 p.m. (CT)
On-Site Inspections: March 24, April 2 & 11 at 11:00 a.m. (CT), By Appointment Only
This property is a brand new construction offering 63 apartments in a desirable area of Watertown, South Dakota. Sitting at 90% complete, the property was built with lifestyle options in mind, as it is proximate to local and national restaurant chains, local gyms, parks and other community staples.
This is an excellent opportunity for an investor to acquire this asset, finish construction and create a new flourishing community in a growing city.
Bid Deadline: April 16 by 5:00 p.m. (CT)
On-Site Inspections: March 24, April 2 & 11 at 11:00 a.m. (CT), By Appointment Only
This property is a brand new construction offering 63 apartments in a desirable area of Watertown, South Dakota. Sitting at 90% complete, the property was built with lifestyle options in mind, as it is proximate to local and national restaurant chains, local gyms, parks and other community staples.
This is an excellent opportunity for an investor to acquire this asset, finish construction and create a new flourishing community in a growing city.
Property Facts
| Sale Type | Investment | Construction Status | Under Construction |
| No. Units | 63 | Building Size | 95,544 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2026 |
| Building Class | B | Parking Ratio | 0.67/1,000 SF |
| Lot Size | 0.84 AC | Opportunity Zone |
Yes
|
| Zoning | C-1 - Community Commercial | ||
| Sale Type | Investment |
| No. Units | 63 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.84 AC |
| Construction Status | Under Construction |
| Building Size | 95,544 SF |
| Average Occupancy | 0% |
| No. Stories | 5 |
| Year Built | 2026 |
| Parking Ratio | 0.67/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-1 - Community Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | 800 |
| 2+1 | 23 | - | - |
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 009352 | Improvements Assessment | $6,034,681 CAD |
| Land Assessment | $385,251 CAD | Total Assessment | $6,419,932 CAD |
Property Taxes
Parcel Number
009352
Land Assessment
$385,251 CAD
Improvements Assessment
$6,034,681 CAD
Total Assessment
$6,419,932 CAD
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Apartment Complex | 315 E Kemp Ave
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