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Investment Highlights

  • Located minutes from Ellsworth Air Force Base and near Rapid City's major employment and retail amenities.
  • Homes include permanent foundations and attached one-car garages
  • More than half of the homes feature updated appliances and durable laminate flooring

Executive Summary

270 Landmark Ct presents an opportunity to acquire a 19-home residential investment portfolio in Box Elder, South Dakota, one of the fastest-growing communities in the Rapid City region. Located minutes from Ellsworth Air Force Base and adjacent to Rapid City, the property benefits from a well-established tenant base supported by military, contractor, and regional employment demand. The portfolio consists of individually platted homes, providing ownership flexibility through long-term hold, phased disposition, or individual home sales.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $5,854,903 CAD
Price Per Unit $308,153 CAD
Sale Type Investment
Cap Rate 6.29%
Sale Conditions
1031 Exchange
  • Business Value Included
No. Units 19
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single-Family Home
Building Class B
Lot Size 2.48 AC
Building Size 27,740 SF
No. Stories 1
Year Built 2012
Zoning SFR - Homes are platted on individual lots

About 270 LANDMARK CT , BOX ELDER, SD 57719

The property consists of a 19-home residential portfolio located within Freedom Estates in Box Elder, South Dakota. The homes are separately platted, include attached garages, and are situated near Ellsworth Air Force Base and Rapid City. The portfolio reports tenant-paid utilities and includes homes with updated appliances and laminate flooring. The surrounding area is influenced by residential demand associated with regional employment centers and ongoing expansion activity at Ellsworth Air Force Base.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 19 $2,240 CAD 1,000 - 1,920
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 2221454007
  • 2221452013
  • 2221453012
  • 2221452014
  • 2221453017
  • 2221454004
  • 2221454006
  • 2221454009
  • 2221454002
  • 2221452012
  • 2221453015
  • 2221454008
  • 2221453014
  • 2221454005
  • 2221452011
  • 2221453013
  • 2221453016
  • 2221454001
  • 2221454003
Land Assessment
$1,473,832 CAD
Improvements Assessment
$5,097,139 CAD
Total Assessment
$6,570,971 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 39717627

  • Date on Market: 2026-03-09

  • Last Updated:

  • Address: 270 Landmark Ct, Box Elder, SD 57719

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