904 E Milbank Ave - Apartments FOR SALE


Milbank, SD 57252
$4,800,000 USD
605-681-8351
904 E Milbank Ave, Milbank, SD for Sale
$4,800,000 USD
Apartments - FOR SALE
1/14
null | 6.78% Cap Rate

904 E Milbank Ave
Milbank, SD 57252


OVERVIEW

Fully stabilized, 38-unit multi-family property with detached garages on 2.86 acres. Modern high-quality finishes include cabinetry with soft close hardware, stainless steel appliance and dishwasher. Controlled access entry, interior mailboxes, elevator and garbage chutes for convenience. Assumable Tax Increment District (TID) with the City of Milbank-contact broker for details. In-place management willing to stay with new owner. Excess land for expansion opportunity.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

38

PRICE/UNIT

$126,316

CAP RATE

6.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rosewood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.89 AC

LAND SF

125,888 SF

ZONING

-

APN/PARCEL ID

26.03.01.00

ASK ABOUT THIS PROPERTY

Alex SoundyBender Commercial Real Estate ServicesMore Info
605-681-8351

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

Alex SoundyBender Commercial Real Estate ServicesMore Info
605-681-8351

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