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USASDVermillion1008-1000-1008 S Crawford Rd
Listing image | Image 1

1008-1000-1008 S Crawford Rd, Vermillion, SD

Real Estate

For Sale

Listed price in listed location currency (USD).
$2,080,000

000

MLS® 833070

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $23,908
Days Active 14
Lot Size 0.72 acres
Approx. Age 1979
MLS® Number 833070

Property Address: 1008-1000-1008 S Crawford Rd, Vermillion, SD, 57069-3415

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number833070
Laundry Level
Central VacNo
FireplaceNo
Acreage0.72
Exterior
GarageNo
Approx. Age1979
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

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