306 11th St - Apartments FOR SALE


Brookings, SD 57006
$995,000 USD
605-799-5058
306 11th St, Brookings, SD for Sale
$995,000 USD
Apartments - FOR SALE
1/4
null | 8.13% Cap Rate

306 11th St
Brookings, SD 57006


HIGHLIGHTS

  • Well-maintained 12-unit multifamily asset with extensive interior renovations completed since 2020.
  • Significant capital improvements include a new roof, updated windows, and a replacement boiler.
  • Located less than one mile from South Dakota State University, Brookings Dog Park, and Sexauer Park.
  • Diverse unit mix featuring one-bedroom, two-bedroom, and two-bedroom-plus-den floor plans.

OVERVIEW

Three-story brick building in Brookings, SD. Located less than 1 mile from South Dakota State University, Brookings Dog Park, and Sexauer Park. Well-maintained interior and exterior. Numerous recent replacements including roof (2023), windows (2022 & 2026), and boiler (2024). All units turned with new cabinets, countertops, flooring and vanity/top since 2020.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$52 USD /SF

# OF UNITS

12

PRICE/UNIT

$82,917

CAP RATE

8.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkview East

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

R3

APN/PARCEL ID

402200000000030

ASK ABOUT THIS PROPERTY

Isaac JorgensenBender Midwest PropertiesMore Info
605-799-5058

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Isaac JorgensenBender Midwest PropertiesMore Info
605-799-5058

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