437 Montgomery St - Apartments FOR SALE


Custer, SD 57730
$1,650,000 USD
605-673-4567
437 Montgomery St, Custer, SD for Sale
$1,650,000 USD
Apartments - FOR SALE
1/17
null | 6.73% Cap Rate

437 Montgomery St
Custer, SD 57730


HIGHLIGHTS

  • Fully renovated property in an excellent location near downtown Custer

OVERVIEW

INVESTMENT OPPORTUNITY - CUSTER FLATS - 13-unit apartment complex at the north edge of Custer. Located at the corner of Montgomery Street and US Highway 385/North 5th Street. The property was recently renovated from top to bottom. Updated plumbing, electrical, roofs, windows, parking lots and all new interiors, including the appliances, flooring and fixtures. (1- three-bedroom/two bath unit; 5-two bedroom/two bath units; 5-one bedroom/one bath units and 2 efficiency units.) Has been fully leased since the renovation was completed with very few vacancies. Heating & cooling is provided by individual PTAC units. Separate electrical meters. Tenants pay for electric and water/sewer. Landlord pays for garage, propane and snow removal. Financials are available with a signed confidentiality agreement (NDA). Less than 1 minute to downtown Custer, SD, Custer's new hospital, Custer County Courthouse, great restaurants, gift shops and museums. Less than 15 minutes to Hill City, SD, less than an hour to Hot Springs, SD and approximately 1 hour drive to Rapid City SD. Close to the Black Hills most popular attractions such as: Mt Rushmore Memorial, Crazy Horse Memorial, Custer State Park, Wind Cave National Park, Jewel Cave National Memorial, the Michelson Trail and many more must see private attractions.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

13

PRICE/UNIT

$126,923

CAP RATE

6.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Custer Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,981 SF

ZONING

C5

APN/PARCEL ID

008086

ASK ABOUT THIS PROPERTY

Phil LampertLampert PropertiesMore Info
605-673-4567

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

Phil LampertLampert PropertiesMore Info
605-673-4567

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