503 14TH AVE SE

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Address: 503 14TH AVE SE, WATERTOWN, South Dakota, US
Created date: February 26, 2024
Date last updated: February 26, 2024
  • Listing Price: $3,075,000
  • Cap Rate: 11%
  • Price per Room: $53,947.37
  • ADR: $66.91
  • GRM: 3.2Xs
  • 2022 Revenue: $1,070,107
  • Price/sq. ft.: $129.88
  • 2022 Real Estate Taxes: $11,835.50
  • 4 Year Average Revenue: $1,004,623
  • 4 Year Average NOI: $394,900
  • Estimated ADS: $225,132
  • Estimated Cash Flow after ADS: $169,768
  • Financials available upon request with signed CA (attached)
  • Building Size: 23,676 sq. ft. (3 floors)
  • # of Rooms: 57
  • Lot Size: 1.79 acres (78,071 sq. ft.)
  • 2022 Occupancy: 73.99%
  • Year Built: 1981
  • Parking Lot: Paved - 57 spaces
  • Zoning: Commercial
  • All tours must be scheduled through broker - no walk in’s
  • All new beds with 10 year warranty
  • All new Acculock with warranty
  • New flooring on all 3 floors with warranty
  • New water heater with warranty
  • Brand new washer with 10 year warranty
  • All new PTAC units in all rooms
  • Over 70% of rooms have brand new 50” HDTV’s

Property Description

Listing Price: $3,075,000 Cap Rate: 11% Price per Room: $53,947.37 ADR: $66.91 GRM: 3.2Xs 2022 Revenue: $1,070,107 Price/sq. ft.: $129.88 2022 Real Estate Taxes: $11,835.50 4 Year Average Revenue: $1,004,623 4 Year Average NOI: $394,900 Estimated ADS: $225,132 Estimated Cash Flow after ADS: $169,768 Financials available upon request with signed CA (attached) Building Size: 23,676 sq. ft. (3 floors) # of Rooms: 57 Lot Size: 1.79 acres (78,071 sq. ft.) 2022 Occupancy: 73.99% Year Built: 1981 Parking Lot: Paved - 57 spaces Zoning: Commercial All tours must be scheduled through broker - no walk in’s All new beds with 10 year warranty All new Acculock with warranty New flooring on all 3 floors with warranty New water heater with warranty Brand new washer with 10 year warranty All new PTAC units in all rooms Over 70% of rooms have brand new 50” HDTV’s

Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings | Hospitality
Price: $3,075,000
No. of Units: 57
Year Built: 1981
Lot Size: 1.79 Sq ft
Opportunity Zone: No
Price per unit: $53,947
Property Website Click Here
Address: 503 14th Ave SE, Watertown, SD 57201, USA
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