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Telluride Lodge 12648 23rd St NW

164 Unit Apartment Building $7,499,000 ($45,726/Unit) Watford City, ND 58854

Investment Highlights

  • 164 Furnished 1 Bedroom Apartments
  • On-Site Laundry/Fitness Room/Community Room
  • Outdoor Outlets for Block Heaters at each unit
  • 6 Furnished Cabins
  • 10.49 Acres

Executive Summary

AVAILABLE INVESTMENT OPPORTUNITY WITH TELLURIDE LODGE! Multi-family complex with 164 furnished 1-bedroom apartments and 6 furnished cabins on 10.49 acres. Amenities include laundry on site as well as a fully equipped fitness room, and a community room. Outdoor outlets at each unit for block heaters. Property is well-maintained under property management, providing a safe and quiet living environment. Situated in the heart of the Bakken Oil Fields with a prime location close to major roads.

Property Facts

Price $7,499,000
Price Per Unit $45,726
Sale Type Investment
No. Units 164
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 10.49 AC
Building Size 55,148 SF
No. Stories 1
Year Built 2013

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Hardwood Floors
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Window Coverings

Site Amenities

  • Business Center
  • Fitness Center
  • Laundry Facilities
  • Property Manager on Site
  • Package Service
  • Maintenance on site
  • Meal Service

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 86 - 280
1+1 78 - 387 - 400

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 65-00-05965
  • 65-00-05975
Land Assessment
$138,750
Improvements Assessment
$899,985
Total Assessment
$1,038,735

zoning

Zoning Code Residential III
Residential III
  • Listing ID: 30346717

  • Date on Market: 12/12/2023

  • Last Updated:

  • Address: 12648 23rd St NW, Watford City, ND 58854

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