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Fairlane Apartments 1940-1990 Wisconsin SW 46 Unit Apartment Building $3,264,768 CAD ($70,973 CAD/Unit) 8.02% Cap Rate Huron, SD 57350
Investment Highlights
- Situated in Huron, SD, near Huron Regional Airport
- Accessible to regional amenities and employment hubs
- Strong rental demand supported by local demographics
Executive Summary
Six two-story buildings with garden view. New siding in June 2022. Asphalt both parking lots in May 2022. Boiler heat and window air conditioning. All utilities included in rent except cable and internet.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$528,276
|
$24.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$26,414
|
$1.20
|
| Effective Gross Income |
$501,862
|
$22.89
|
| Taxes |
$16,764
|
$0.76
|
| Operating Expenses |
$222,846
|
$10.17
|
| Total Expenses |
$239,610
|
$10.93
|
| Net Operating Income |
$262,251
|
$11.96
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $528,276 |
| Annual Per SF | $24.10 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $26,414 |
| Annual Per SF | $1.20 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $501,862 |
| Annual Per SF | $22.89 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,764 |
| Annual Per SF | $0.76 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $222,846 |
| Annual Per SF | $10.17 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $239,610 |
| Annual Per SF | $10.93 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $262,251 |
| Annual Per SF | $11.96 |
Property Facts
| Price | $3,264,768 CAD | Apartment Style | Garden |
| Price Per Unit | $70,973 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 8.02% | Building Size | 21,921 SF |
| No. Units | 46 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | Residential | ||
| Price | $3,264,768 CAD |
| Price Per Unit | $70,973 CAD |
| Sale Type | Investment |
| Cap Rate | 8.02% |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 21,921 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Opportunity Zone |
Yes |
| Zoning | Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | $833.20 CAD | 455 |
| 1+1 | 33 | $918.22 CAD | 500 |
| 2+2 | 2 | $1,360 CAD | 900 - 955 |
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Property Taxes
| Parcel Number | 11025 | Total Assessment | $163,947 CAD |
| Land Assessment | $21,346 CAD | Annual Taxes | $16,764 CAD ($0.76 CAD/SF) |
| Improvements Assessment | $142,601 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
11025
Land Assessment
$21,346 CAD
Improvements Assessment
$142,601 CAD
Total Assessment
$163,947 CAD
Annual Taxes
$16,764 CAD ($0.76 CAD/SF)
Tax Year
2025
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Fairlane Apartments | 1940-1990 Wisconsin SW
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