1013 N Lacrosse St - Apartments FOR SALE


Rapid City, SD 57701
$3,180,000 USD
605-786-4564
1013 N Lacrosse St, Rapid City, SD for Sale
$3,180,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1013 N Lacrosse St
Rapid City, SD 57701


HIGHLIGHTS

  • Excellent investment opportunity
  • All units have washer and dryer hook-ups, fridge, stove and oven
  • Updated exteriors in 2019
  • New centralized boilers in each building 2022
  • Landscaping in 2021 and parking lot was resurfaced in 2022
  • Located close to shopping, city services and bus routes

OVERVIEW

Excellent investment opportunity in Rapid City! 30 unit apartment complex with a mix of 3 bedroom 1 bath units (12) and 2 bedroom 1 bath units ( 18). All units have washer and dryer hook-ups, fridge, stove/oven. Recent improvements include; Updated exteriors in 2019, new centralized boilers in each building (3) 2022, landscaping 2021, parking lot resurfaced in 2022, security system 2022. Located close to shopping, city services and bus routes making these units highly desirable to renters with low vacancy.

FOR SALE DETAILS

PRICE

$3,180,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

30

PRICE/UNIT

$106,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Horizon Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

-

APN/PARCEL ID

0036516

ASK ABOUT THIS PROPERTY

Ed DreyerRe/Max AdvantageMore Info
605-786-4564

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ed DreyerRe/Max AdvantageMore Info
605-786-4564

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.