Crawford Rising Apartments | 1000-1008 Crawford Rd S
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Crawford Rising Apartments 1000-1008 Crawford Rd S
24 Unit Apartment Building $1,800,000 ($75,000/Unit) Vermillion, SD 57069
Executive Summary
OFFERING a prime investment opportunity. This 24-unit apartment complex is ideal for investors seeking a property with solid rental income. This well-maintained complex consists of 2-12 unit buildings. Each building consists of 11-2 bedroom and 1-1 bedroom units for a total of 22-2 bedroom units and 2-1 bedroom units. Owner pays water, sewer and common electric (hot water electricity paid by owner). Washer and dryers are leased. Owner has invested significant capital expenditures into the property - 100% occupancy
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$193,200
|
$10.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$193,200
|
$10.06
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $193,200 |
| Annual Per SF | $10.06 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $193,200 |
| Annual Per SF | $10.06 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,800,000 | Building Class | C |
| Price Per Unit | $75,000 | Lot Size | 1.45 AC |
| Sale Type | Investment | Building Size | 19,200 SF |
| Gross Rent Multiplier | 9.3 | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,800,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Gross Rent Multiplier | 9.3 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.45 AC |
| Building Size | 19,200 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1988 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 22 | - | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $865,017 (2024) | |
| Land Assessment | $137,970 (2024) | Total Assessment | $1,002,987 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$137,970 (2024)
Improvements Assessment
$865,017 (2024)
Total Assessment
$1,002,987 (2024)
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Crawford Rising Apartments | 1000-1008 Crawford Rd S
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