1615 E Dakota Ave - Apartments FOR SALE


Pierre, SD 57501
$1,500,000 USD
712-304-2030
1615 E Dakota Ave, Pierre, SD for Sale
$1,500,000 USD
Apartments - FOR SALE
1/10
null | 7.8% Cap Rate

1615 E Dakota Ave
Pierre, SD 57501


HIGHLIGHTS

  • Very well-maintained property
  • Located in the State Capitol of South Dakota
  • Can be acquired individually or as a part of a larger 45-unit portfolio

OVERVIEW

CBRE is pleased to present the opportunity to acquire Harrison Apartments, a well-maintained 23-unit multifamily property located in Pierre, South Dakota, the state capital. Constructed in 1980, the property consists of one two-story building featuring a mix of two and three bedroom floor plans averaging 914 square feet. Harrison Apartments is available individually or as part of a 45-unit portfolio, which includes Old West Apartments in nearby Fort Pierre, South Dakota. Click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=iBrv3-HU4pVGziV-chp6he2og7d7AMzQFMumoSYK2oa-Y5s46XlFI5OUtNiHvE1J Address: 1615 E Dakota Ave, Pierre, SD 57501 List Price: $1,500,000 Cap Rate: 7.80% Year Built: 1980 Number of Units: 23 Unit Mix: 15-2BR/1BA; 8-3BR/1BA Total Rentable SF: 21,024 Average Unit Size: 914 SF Avg. In Place Rent: $903 Avg. In Place Rent Per SF: $0.98 Number of Buildings: 1 Number of Stories: 2 Parking: Surface

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$47 USD /SF

# OF UNITS

23

PRICE/UNIT

$65,217

CAP RATE

7.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harrison Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

6004

ASK ABOUT THIS PROPERTY

712-304-2030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

712-304-2030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.