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Harrison Apartments 1615 E Dakota Ave 23 Unit Apartment Building $2,046,360 CAD ($88,972 CAD/Unit) 7.80% Cap Rate Pierre, SD 57501
Investment Highlights
- Very well-maintained property
- Can be acquired individually or as a part of a larger 45-unit portfolio
- Located in the State Capitol of South Dakota
Executive Summary
CBRE is pleased to present the opportunity to acquire Harrison Apartments, a well-maintained 23-unit multifamily property located in Pierre, South Dakota, the state capital. Constructed in 1980, the property consists of one two-story building featuring a mix of two and three bedroom floor plans averaging 914 square feet.
Harrison Apartments is available individually or as part of a 45-unit portfolio, which includes Old West Apartments in nearby Fort Pierre, South Dakota.
Click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=iBrv3-HU4pVGziV-chp6he2og7d7AMzQFMumoSYK2oa-Y5s46XlFI5OUtNiHvE1J
Address: 1615 E Dakota Ave, Pierre, SD 57501
List Price: $1,500,000
Cap Rate: 7.80%
Year Built: 1980
Number of Units: 23
Unit Mix: 15-2BR/1BA; 8-3BR/1BA
Total Rentable SF: 21,024
Average Unit Size: 914 SF
Avg. In Place Rent: $903
Avg. In Place Rent Per SF: $0.98
Number of Buildings: 1
Number of Stories: 2
Parking: Surface
Harrison Apartments is available individually or as part of a 45-unit portfolio, which includes Old West Apartments in nearby Fort Pierre, South Dakota.
Click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=iBrv3-HU4pVGziV-chp6he2og7d7AMzQFMumoSYK2oa-Y5s46XlFI5OUtNiHvE1J
Address: 1615 E Dakota Ave, Pierre, SD 57501
List Price: $1,500,000
Cap Rate: 7.80%
Year Built: 1980
Number of Units: 23
Unit Mix: 15-2BR/1BA; 8-3BR/1BA
Total Rentable SF: 21,024
Average Unit Size: 914 SF
Avg. In Place Rent: $903
Avg. In Place Rent Per SF: $0.98
Number of Buildings: 1
Number of Stories: 2
Parking: Surface
Property Facts
| Price | $2,046,360 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $88,972 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 7.80% | Building Size | 32,208 SF |
| No. Units | 23 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1980 |
| Price | $2,046,360 CAD |
| Price Per Unit | $88,972 CAD |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 32,208 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 15 | - | 864 |
| 3+1 | 8 | - | 1,008 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 6004 | Improvements Assessment | $1,614,202 CAD |
| Land Assessment | $257,725 CAD | Total Assessment | $1,871,927 CAD |
Property Taxes
Parcel Number
6004
Land Assessment
$257,725 CAD
Improvements Assessment
$1,614,202 CAD
Total Assessment
$1,871,927 CAD
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Harrison Apartments | 1615 E Dakota Ave
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