426 & 434 E Fairmont Blvd - Apartments FOR SALE


Rapid City, SD 57701
$6,800,000 USD
605-786-4564
426 & 434 E Fairmont Blvd, Rapid City, SD for Sale
$6,800,000 USD
Apartments - FOR SALE
1/18
null | 6.7% Cap Rate

426 & 434 E Fairmont Blvd
Rapid City, SD 57701


HIGHLIGHTS

  • Conveniently located in SE Rapid City just down the street from Monument Hospital
  • Located between two major thoroughfares Highway 16 and Highway 79
  • Robbinsdale Park complex is directly to the East of this property offering tenants numerous recreation opportunities

OVERVIEW

81 unit apartment complex with a mixture of studio (24), 1 bed (27), 2 bed (24), 3 bed apartments (6), and 12 garages. Conveniently located in SE Rapid City just down the street from Monument Hospital and between two major thoroughfares HWY 16 and HWY 79. Robbinsdale Park complex is directly to the East of this property offering tenants numerous recreation opportunities as well. The property is well kept and has a low vacancy rate making this a great opportunity add a great multifamily complex to your portfolio in the fast growing Rapid City market.

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

81

PRICE/UNIT

$83,951

CAP RATE

6.7%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aspen Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,742 SF

ZONING

-

APN/PARCEL ID

0036802

ASK ABOUT THIS PROPERTY

Ed DreyerRe/Max AdvantageMore Info
605-786-4564

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Ed DreyerRe/Max AdvantageMore Info
605-786-4564

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