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Sweet Properties 1st ave ne, watertown, sd

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1415 - 1425 & 1509 - 1519

1415 - 1425 - 4,224 sq ft lot 37,890 sq ft (.86)

1509 - 1519 - 4192 sq ft lot 46,609 (1.07).

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1616

1616- 4,192 sq ft lot 13,940 (.32)

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lofts 1605 - 1619

Lofts 4,362 sq ft lot 552.5 (.15)


Financial investment overview

Price Change: $5,200,000 Price per unit: $108,078 GRM: 11.1 cAP rate 7% Cash-on-cash return 5% debt coverage ratio 1.31

100% Occupancy - January 2019

70% LATI Student Occupant ratio

3% rent rate increase - 2019

40 - 2 bed Units

4 - 3 bed units

7 - Loft apartments w/garage

More information is available here. please download the marketing brochure

2 bedroom/one bath. Includes refrigerator, stove/oven, dishwasher and washer and dryer.

3 bedroom/one bath Includes refrigerator, stove/oven, dishwasher and washer and dryer.

 

Lofts - one bedroom/one bath Includes refrigerator, stove/oven, dishwasher and washer and dryer.

Garages available for Tenant

Within walking distance to Lake Area Technical

City of Watertown, SD, municipal utilities

Utilities paid by Tenants in all units

Electric, trash, water, sewer, cable

Electric base board heat

Snow and lawn care provided by Owner

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Sweet Properties

1st ave NE, Watertown SD