2021 N Kimball St - Apartments FOR SALE


Mitchell, SD 57301
$10,440,000 USD
605-999-4240
2021 N Kimball St, Mitchell, SD for Sale
$10,440,000 USD
Apartments - FOR SALE
1/98
null | Request Cap Rate

2021 N Kimball St
Mitchell, SD 57301


HIGHLIGHTS

  • Stable, well-occupied property.
  • High quality construction (gyp-crete floors and double-stud walls).
  • Rents well below market rents.

OVERVIEW

Northview Estates is a well-maintained and upscale 72-unit multi-family apartment complex located on the north side of Mitchell, SD, with a population of approximately 16,000. Each unit boasts 2 spacious bedrooms, with 54 units featuring 2 bathrooms and 18 units featuring 1 bathroom. Additionally, each unit includes a detached garage. The construction of the property utilized top-quality materials and methods, such as gyp-crete subfloors for noise reduction and double-stud walls for increased soundproofing between units. The property has been under the same ownership since development and has been meticulously cared for, with regular updates to flooring, appliances, and exteriors. Currently, the property is almost fully occupied and rental rates are below market value for similar units. For more information, please contact Brian at 605-999-4240 or email Brian@JanklowEliason.com.

FOR SALE DETAILS

PRICE

$10,440,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

72

PRICE/UNIT

$145,000

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northview Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1995

PARKING SPACES

84

LAND DETAILS

LAND ACRES

5.12 AC

LAND SF

223,027 SF

ZONING

R-4

APN/PARCEL ID

15800-01500-204-20

ASK ABOUT THIS PROPERTY

Brian EliasonJanklow Eliason Real EstateMore Info
605-999-4240

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Brian EliasonJanklow Eliason Real EstateMore Info
605-999-4240

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