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1013 N Lacrosse St
Rapid City, SD 57701
Horizon Apartments · Multifamily Property For Sale
·
30 Units
INVESTMENT HIGHLIGHTS
- Excellent investment opportunity
- Updated exteriors in 2019
- Landscaping in 2021 and parking lot was resurfaced in 2022
- All units have washer and dryer hook-ups, fridge, stove and oven
- New centralized boilers in each building 2022
- Located close to shopping, city services and bus routes
EXECUTIVE SUMMARY
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.
PROPERTY FACTS Under Contract
| Price Per Unit | $146,047 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.96 AC |
| Cap Rate | 7% | Building Size | 35,540 SF |
| No. Units | 30 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price Per Unit | $146,047 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.96 AC |
| Building Size | 35,540 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Oven
- Range
- Lawn
SITE AMENITIES
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 12 | - | 999 |
| 2+1 | 18 | - | 1,120 |
PROPERTY TAXES
| Parcel Number | 0036516 | Improvements Assessment | $3,785,272 CAD |
| Land Assessment | $481,549 CAD | Total Assessment | $4,266,822 CAD |
PROPERTY TAXES
Parcel Number
0036516
Land Assessment
$481,549 CAD
Improvements Assessment
$3,785,272 CAD
Total Assessment
$4,266,822 CAD
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