270 Landmark Ct - Apartments FOR SALE


Box Elder, SD 57719
$4,350,000 USD
605-646-5409
270 Landmark Ct, Box Elder, SD for Sale
$4,350,000 USD
Apartments - FOR SALE
1/6
null | 5.54% Cap Rate

270 Landmark Ct
Box Elder, SD 57719


HIGHLIGHTS

  • Large back yards
  • Open floor plans

OVERVIEW

Listed by Kevin Andreson, Keller Williams Black Hills | 605-646-5409 Single-Family Rental Portfolio – 19 Homes | Box Elder, SD Exceptional opportunity to acquire a 19-home single-family rental portfolio in the rapidly growing community of Box Elder, South Dakota, located just minutes from Rapid City and Ellsworth Air Force Base, home to the future B-21 Raider mission. The significant expansion planned at Ellsworth is expected to bring continued population growth and housing demand to the area. The portfolio consists of 19 modern single-family homes, each offering 3 bedrooms, 2 bathrooms, and a detached single-car garage. Built approximately 10 years ago, these homes feature maintenance-free exteriors and modern construction on permanent foundations, helping keep long-term operating and maintenance costs manageable. The portfolio includes 15 homes on crawl spaces with permanent foundations and 4 homes with full basements. Each property sits on its own separately platted lot, offering flexibility and long-term ownership value. Investment Highlights 19 single-family rental homes 3 bedroom / 2 bathroom floorplans Detached single-car garages Homes located on separately platted lots Maintenance-free exterior construction Tenants pay utilities 15 crawl space homes and 4 homes with full basements Strong rental demand driven by Ellsworth AFB and regional growth Excellent access and visibility from Exit 67 on I-90

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

19

PRICE/UNIT

$228,947

CAP RATE

5.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Packet Harbor Point

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.48 AC

LAND SF

107,936 SF

ZONING

SFR

APN/PARCEL ID

2221452011,2221452012,2221452013,2221452014,2221453012,2221453013,2221453014,2221453015,2221453016,2221453017,2221454001,2221454002,2221454003,2221454004,2221454005,2221454006,2221454007,2221454008,2221454009

ASK ABOUT THIS PROPERTY

Kevin AndresonKeller Williams Black HillsMore Info
605-646-5409

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Kevin AndresonKeller Williams Black HillsMore Info
605-646-5409

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