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Old West Apartments 213 N Deadwood St 22 Unit Apartment Building $1,027,282 CAD ($46,695 CAD/Unit) 8.84% Cap Rate Fort Pierre, SD 57532



Investment Highlights
- Properties are located within 4 miles of each other. Available individually or as a portfolio.
- 12 market rate units and 10 senior/HAP units
- Old West Apartments can be acquired in conjunction with Harrison Apartments, a 23-unit property located in Pierre for a total of 45 units
Executive Summary
CBRE is pleased to present the opportunity to acquire Old West Apartments, consisting of a 12-unit market-rate property located at 311 N Deadwood Street and a 10-unit senior/HAP property located at 213 N Deadwood Street in Fort Pierre, South Dakota. The properties are located within one half block of one another and may be purchased individually or as a portfolio.
Old West Apartments can also be acquired as part of a 45-unit portfolio, which includes Harrison Apartments in nearby Pierre, South Dakota.
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=4P0M1rUFEVQcvMXkg9W02PElRptVMVrhar9JRS8-4luHXt2j9MK33E7oHMVYNXUl
Address: 213 & 311 N Deadwood St, Fort Pierre, SD 57532
List Price: $750,000 ($34,091/unit)
Cap Rate: 8.84%
Year Built: 1982
Number of Units: 22
Unit Mix: 10-1BR/1BA; 10-2BR/1BA; 2-3BR/1BA
Total Rentable SF: 14,708
Average Unit Size: 669 SF
Avg. In Place Rent: $844
Avg. In Place Rent Per SF: $1.26
Number of Buildings: 2
Number of Stories: 1 & 2
Parking: Surface
Old West Apartments can also be acquired as part of a 45-unit portfolio, which includes Harrison Apartments in nearby Pierre, South Dakota.
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=4P0M1rUFEVQcvMXkg9W02PElRptVMVrhar9JRS8-4luHXt2j9MK33E7oHMVYNXUl
Address: 213 & 311 N Deadwood St, Fort Pierre, SD 57532
List Price: $750,000 ($34,091/unit)
Cap Rate: 8.84%
Year Built: 1982
Number of Units: 22
Unit Mix: 10-1BR/1BA; 10-2BR/1BA; 2-3BR/1BA
Total Rentable SF: 14,708
Average Unit Size: 669 SF
Avg. In Place Rent: $844
Avg. In Place Rent Per SF: $1.26
Number of Buildings: 2
Number of Stories: 1 & 2
Parking: Surface
Property Facts
| Price | $1,027,282 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $46,695 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 8.84% | Building Size | 14,708 SF |
| No. Units | 22 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1982 |
| Price | $1,027,282 CAD |
| Price Per Unit | $46,695 CAD |
| Sale Type | Investment |
| Cap Rate | 8.84% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 14,708 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1982 |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,109 CAD | 466 |
| 2+1 | 10 | $1,153 CAD | 800 |
| 3+1 | 2 | $1,405 CAD | 1,024 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 006673 | Improvements Assessment | $724,519 CAD |
| Land Assessment | $105,631 CAD | Total Assessment | $830,150 CAD |
Property Taxes
Parcel Number
006673
Land Assessment
$105,631 CAD
Improvements Assessment
$724,519 CAD
Total Assessment
$830,150 CAD
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Old West Apartments | 213 N Deadwood St
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