1351 Iowa Ave SE - Apartments FOR SALE


Huron, SD 57350
$2,089,000 USD
605-999-4240
1351 Iowa Ave SE, Huron, SD for Sale
$2,089,000 USD
Apartments - FOR SALE
1/63
null | 7.38% Cap Rate

1351 Iowa Ave SE
Huron, SD 57350


HIGHLIGHTS

  • 27 of 28 units completed and rented
  • 1 remaining unit to be completely March 30, 2025
  • Tight rental market with near-zero vacancy

OVERVIEW

Creative financing options available! 28-unit multi-family apartment complex in tight rental market. 27 units have been completed and are 100% occupied. Remaining unrenovated unit will be completed by March 30, 2025. Unit mix is 24 one-bedroom units and 4 two-bedroom units. Renovations include removal of boilers and installation of new HVAC, new flooring, new appliances, new windows, updated electrical & plumbing, and new tenants.

FOR SALE DETAILS

PRICE

$2,089,000 USD

PRICE/SF

$69 USD /SF

# OF UNITS

28

PRICE/UNIT

$74,607

CAP RATE

7.38%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Green View Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

-

APN/PARCEL ID

11454,11455,11456

ASK ABOUT THIS PROPERTY

Brian EliasonJanklow Eliason Real EstateMore Info
605-999-4240

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

Brian EliasonJanklow Eliason Real EstateMore Info
605-999-4240

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