437 Montgomery St - Apartments FOR SALE


Custer, SD 57730
$1,750,000 USD
605-261-7206
437 Montgomery St, Custer, SD for Sale
$1,750,000 USD
Apartments - FOR SALE
1/17
null | 6.34% Cap Rate

437 Montgomery St
Custer, SD 57730


HIGHLIGHTS

  • Fully renovated property in an excellent location near downtown Custer

OVERVIEW

Prime investment opportunity with a fully renovated and fully leased 13 unit multi-family project in historic Custer, SD. Located in the beautiful Black Hills of South Dakota, just minutes from Custer State Park. Great long term investment in a town poised for continued growth with over $2.1 million visitors to Custer State Park in 2022. The property was fully renovated in 2022 with all new plumbing, electrical (separately metered), windows, roof, parking lot and brand new interiors. New owners will have minimal maintenance and enjoy high occupancy due to limited housing options in a high tourism market. The property is zoned Highway Commercial and units can be rented as overnight/AirBnb rentals to maximize occupancy.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$188 USD /SF

# OF UNITS

13

PRICE/UNIT

$134,615

CAP RATE

6.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Custer Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,981 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jeremy RoemenVeritas Capital & Asset ManagementMore Info
605-261-7206

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Jeremy RoemenVeritas Capital & Asset ManagementMore Info
605-261-7206

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