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Briarwood Apartments 409 Quincy St 15 Unit Apartment Building $2,062,245 CAD ($137,483 CAD/Unit) 4% Cap Rate Rapid City, SD 57701
Executive Summary
This is per unit at 100K. This offers off street designated parking, green space irrigation, common access doors are security locked and roof and decks have been upgraded in the last two years.
Financial Summary (Pro Forma - 2026) 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 (Pro Forma - 2026) 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 | $2,062,245 CAD | Building Class | C |
| Price Per Unit | $137,483 CAD | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 8,190 SF |
| Cap Rate | 4% | Average Occupancy | 100% |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1971/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | Multi Family Residential | ||
| Price | $2,062,245 CAD |
| Price Per Unit | $137,483 CAD |
| Sale Type | Investment |
| Cap Rate | 4% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 8,190 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2024 |
| Opportunity Zone |
Yes |
| Zoning | Multi Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Renters Insurance Program
- Smoke Free
- Trash Pickup - Curbside
- Vintage Building
- Fiber Optic Internet
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $928.70 CAD | 376 |
| 1+1 | 14 | $1,230 CAD | 733 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0037682 | Total Assessment | $1,898,640 CAD (2025) |
| Land Assessment | $192,476 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,706,164 CAD (2025) | Tax Year | 2026 Payable 2027 |
Property Taxes
Parcel Number
0037682
Land Assessment
$192,476 CAD (2025)
Improvements Assessment
$1,706,164 CAD (2025)
Total Assessment
$1,898,640 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026 Payable 2027
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Briarwood Apartments | 409 Quincy St
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