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 6.25%
Occupancy 100%
Year Built 1974
Stories 2
Acreage 1.101
Investment Type Stabilized
510 N. 5th Street, Beresford, SD 57004
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
- Fully leased eight plex with 4 garage stalls
- Common area laundry
- Two floors
- Recent renovations: 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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