Commercial Real Estate Services 248.324.2000

    Property Search

    Choose from the following options to narrow your search results:

    For Sale

    Pheasant Ridge Apartments II

    210 11th Avenue Northeast
    Watford City, North Dakota 58854

    Share Listing

    E-mail this listing
    Sender's Name
    Sender's Name is missing or invalid.
    Sender's Email
    Sender's Email Address is missing or invalid.
    Recipient's Name
    Recipient's Name is missing or invalid.
    Recipient's Email
    Recipient's Email is missing or invalid.
    Email has been sent.
    An error occured while sending an email. Please try again.

    Share this listing

    Request a Call

    Your Name
    Your Phone Number
    Your Email

    Your Message
    Thank you. A representative from Friedman will be contacting you shortly.
    An error occured while processing your request. Please try again.

    Thank you. A broker will be in touch shortly.

    For Sale

    Pheasant Ridge Apartments II

    210 11th Avenue Northeast
    Watford City, North Dakota 58854

    - Property Information

    eCODE 847
    County: McKenzie
    Property Type: Investment Sale, Multi-Family
    # Units: 42
    Occupancy Rate: 69%
    Sale Price: TBD by the Market
    Distressed: Yes

    - Property Details

    Multi-Family Type: Garden Style
    Occupancy Type: Multi Tenant
    Year Built: 2014
    # Acres: 2.08
    Zoning: R-4, High Density Residential District
    Parcel ID: 82-58-01000
    Parking Type: Surface, Garage
    # Spaces: 87
    Parking Ratio: 2.14
    Completion Status: Existing

    - Additional Information

    • Receivership Sale: 42-unit multi-family community
    • Close to 60% of the property comprised of 2-bedroom units
    • Newer construction with little to no deferred maintenance
    • All residences include in-unit washer/dryer and are individually metered
    • Abundant garage and surface parking at a ratio of 2.14 spaces per 1,000 RSF
    • Located 3 miles north of US-85
    • McKenzie County accounts for more than 30% of all North Dakota oil production
    • Substantial gains in rental rates possible as oil production continues upward trends in the Bakken region
    • Recent Watford City developments include $56M community event center; $55M McKenzie County healthcare facility, $50M Watford City high school; $3.5M airport expansion
    • Property is being sold in partnership with Energy Real Estate Solutions
    • Asset being sold with No Set Asking price

    - For more information, contact:

    248.324.2000 Request a call