23 Prospect St - Multi-Family FOR SALE


Vermillion, SD 57069
$349,700 USD
502-645-7739
23 Prospect St, Vermillion, SD for Sale
$349,700 USD
Multi-Family - FOR SALE
1/2
null | 15.27% Cap Rate

23 Prospect St
Vermillion, SD 57069


HIGHLIGHTS

  • Property is located 4 minutes from the University of South Dakota
  • Fully occupied until May 31, 2026

OVERVIEW

This is 8 units on one property. there are 7 units in the main building and additional home on the backside with another 2 bedroom apartment. Property is fully occupied with college students. Owner currently pays all utilities which average approx. 1000 a month. Utilities & Systems Heating: Central boiler system (2005) – serviced annually, Water Heaters: 2 units – replaced in 2020, Laundry: Coin-operated washer & dryer in common area, Laundry Income: ~$100/month Exterior & Condition Roof: Replaced in 2018, Exterior Paint: 3 sides recently painted; north side still needs paint unit SF is approx

FOR SALE DETAILS

PRICE

$349,700 USD

PRICE/SF

$77 USD /SF

# OF UNITS

8

PRICE/UNIT

$43,713

CAP RATE

15.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

15720-03500-140-00

ASK ABOUT THIS PROPERTY

Kim KramerWKF Realty LLCMore Info
502-645-7739

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Kim KramerWKF Realty LLCMore Info
502-645-7739

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