309 8th Ave SE
Property Description
The Cottage Apartments | Watertown, South Dakota Discover a unique multifamily investment opportunity in the heart of Watertown. The Cottage Apartments offer 45 modern units designed for both comfort and flexibility — with options for short-term or long-term leasing. Each fully furnished suite features a Smart TV, microwave, and mini-fridge, making this property ideal for tenants seeking convenience and turnkey living. This well-maintained asset includes off-street parking, on-site laundry, snow and lawn care, and pet-friendly accommodations — ensuring broad market appeal and low vacancy rates. Located minutes from Lake Area Technical College and major employers, The Cottage Apartments attract a stable mix of students, professionals, and traveling workers. With flexible lease terms and strong operational performance, this property presents an exceptional opportunity for investors seeking dependable income and future growth in one of South Dakota’s fastest-growing communities.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,700,000 |
| No. of Units: | 45 |
| Year Built: | 1948 |
| Lot Size: | 1.07 Acres |
| Opportunity Zone: | No |
| Price per unit: | $60,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout