Listed by NAI Sioux Falls
$700,000
Dakota Prairie
Details
Property Type Multifamily
Sub Type Apartment Building, High-Rise
Square Footage 7,258
Units 8
Cap Rate 6.13%
Occupancy 100%
Year Built 1974
Stories 2
Acreage 1.100
Stabilized Asset with Value-Add Rent Upside
Marketing description
Just a mile east of Interstate 29, this apartment complex sits in the middle of a quiet residential area. Short commute to Sioux Falls and Vermillion with just a 30 minute drive.
Investment highlights
- Building size: 7,258 SF
- Fully leased eight plex - 8 units, four (4) garage stalls
- Common area laundry
- Two floors
- Recent renovations: new roof installed, exterior paint, new common area flooring, painted siding
- Owner pays water and sewage tenants pay electric
- Built in 1974
- 100% occupancy rate
- APOD Available page 2 of brochure
Listing Contacts
Listed by NAI Sioux Falls
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