312 N Lawler St - Apartments FOR SALE


Mitchell, SD 57301
$1,850,000 USD
320-309-2180
312 N Lawler St, Mitchell, SD for Sale
$1,850,000 USD
Apartments - FOR SALE
1/20
null | 6.8% Cap Rate

312 N Lawler St
Mitchell, SD 57301


OVERVIEW

- Stabilized in-place cash flow with diversified residential and commercial income - Downtown Mitchell location with walkable access to services and employment drivers - Historic brick construction (1905) with durable architecture - Attractive basis relative to replacement cost for comparable downtown product - Upside potential via rent optimization, expense controls, and selective improvements - 23 residential units; 9 Large Studios, 12 one bedroom, 2 two bedroom - 3 commercial office/retail units

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

26

PRICE/UNIT

$71,154

CAP RATE

6.8%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lawler Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,201 SF

ZONING

81710

APN/PARCEL ID

15520-00100-007-00

ASK ABOUT THIS PROPERTY

Derek DittmerMeta Realty LLCMore Info
320-309-2180

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Derek DittmerMeta Realty LLCMore Info
320-309-2180

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