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Rosewood Apartments 904 E Milbank Ave 38 Unit Apartment Building $6,501,886 CAD ($171,102 CAD/Unit) 6.93% Cap Rate Milbank, SD 57252
INVESTMENT HIGHLIGHTS
- Modern interiors with stainless steel appliances and 9-foot ceilings
- Professional management team willing to remain post-sale
- Detached garages and excess land for future expansion
- Fully stabilized Class A multifamily asset with waiting list
EXECUTIVE SUMMARY
Fully stabilized, 38-unit multi-family property with detached garages on 2.86 acres.
Modern high-quality finishes include cabinetry with soft close hardware, stainless steel appliance and dishwasher.
Controlled access entry, interior mailboxes, elevator and garbage chutes for convenience.
Assumable Tax Increment District (TID) with the City of Milbank-contact broker for details.
In-place management willing to stay with new owner.
Excess land for expansion opportunity.
Modern high-quality finishes include cabinetry with soft close hardware, stainless steel appliance and dishwasher.
Controlled access entry, interior mailboxes, elevator and garbage chutes for convenience.
Assumable Tax Increment District (TID) with the City of Milbank-contact broker for details.
In-place management willing to stay with new owner.
Excess land for expansion opportunity.
PROPERTY FACTS
| Price | $6,501,886 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $171,102 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 2.89 AC |
| Cap Rate | 6.93% | Building Size | 40,537 SF |
| No. Units | 38 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment |
| Price | $6,501,886 CAD |
| Price Per Unit | $171,102 CAD |
| Sale Type | Investment |
| Cap Rate | 6.93% |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.89 AC |
| Building Size | 40,537 SF |
| No. Stories | 3 |
| Year Built | 2021 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| 2+1 | 12 | - | - |
| 2+2 | 13 | - | - |
| Studios | 2 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 26.03.01.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $53,499 CAD | Total Assessment | $53,499 CAD |
PROPERTY TAXES
Parcel Number
26.03.01.00
Land Assessment
$53,499 CAD
Improvements Assessment
$0 CAD
Total Assessment
$53,499 CAD
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Rosewood Apartments | 904 E Milbank Ave
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