BEDS3
BATHS2 full
MLS#833070
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Crawford Rising Apartments offers a rare combination of immediate income and long-term upside in a market that rarely disappoints. This stabilized 24-unit multifamily property in Vermillion, South Dakota is 100% occupied, nearly fully renovated, and supported by consistent demand from the University of South Dakota and the broader surrounding region. The offering is priced at $2,080,000 and features a 7.00% cap rate, current NOI of $145,553, and pro forma NOI of $162,370. The property includes two buildings on 0.72 acres with a unit mix of 22 two-bedroom/one-bath and 2 one-bedroom/one-bath residences. With limited capital needs and rents currently below market, this asset presents a clear value-add opportunity for investors who want dependable performance and room to grow from day one.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.72 Acres
Taxes: $23,908
Year Built: 1979
Units
Unit Type 1:
Bedrooms: 1
Bathroom Full: 1
Rent: $650
Square Footage: 600
Unit Type 2:
Bedrooms: 2
Bathroom Full: 1
Rent: $870
Square Footage: 800
Feature Descriptions
Days on Site: 7
Parcel: 15660-00600-040-00
Rental: Yes
Rental Income: 233586
Sewer: City
Water: City
Zoning: res
Listed By / Shown By
Listed By
Agency Name: Gateway Real Estate Advisors
Agency Phone: 712-226-8000
Shown By
Agency Title: United Real Estate Solutions
Agency Phone: 712-226-6000
Estimate Your Payment
Estimated Payment
$ 14,765.57 per month $12,166.57 Principal & Interest $1,992.33 Property Tax $606.67 Homeowner's Insurance
1000-1008 S Crawford Rd | MLS# 833070
This multi-family property located at 1000-1008 S Crawford Rd, Vermillion, SD 57069 is currently listed for sale with an asking price of $2,080,000. Search Vermillion real estate on www.unitedrealestatesolutions.com today.