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509 N 5th St 8 Unit Apartment Building $950,600 CAD ($118,825 CAD/Unit) 6.13% Cap Rate Beresford, SD 57004
Investment Highlights
- Fully Leased eight plex with 4 garage stalls
- Recent renovations: new roof installed, exterior paint, new common area flooring, painted siding
- Common area laundry
Executive Summary
Just a mile east of Interstate 29, this apartment complex sits in the middle of a quiet residential area. Short commute to Sioux Falls and Vermillion with just a 30 minute drive. Neighboring some chain and local restaurants and bars such as Subway, Hot Stuff Pizza, Cream & Sugar coffee shop, Bertz Sports Bar and Grill, and more!
Property Facts
| Price | $950,600 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $118,825 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.52 AC |
| Cap Rate | 6.13% | Building Size | 7,258 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | ||
| Zoning | MUNICIPALI | ||
| Price | $950,600 CAD |
| Price Per Unit | $118,825 CAD |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 7,258 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Zoning | MUNICIPALI |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 7 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 260.45.02.001 | Improvements Assessment | $432,355 CAD |
| Land Assessment | $76,388 CAD | Total Assessment | $508,742 CAD |
Property Taxes
Parcel Number
260.45.02.001
Land Assessment
$76,388 CAD
Improvements Assessment
$432,355 CAD
Total Assessment
$508,742 CAD
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509 N 5th St
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