509 N 5th St - Apartments FOR SALE


Beresford, SD 57004
$700,000 USD
605-403-0333
509 N 5th St, Beresford, SD for Sale
$700,000 USD
Apartments - FOR SALE
1/8
null | 6.13% Cap Rate

509 N 5th St
Beresford, SD 57004


HIGHLIGHTS

  • Fully Leased eight plex with 4 garage stalls
  • Common area laundry
  • Recent renovations: new roof installed, exterior paint, new common area flooring, painted siding

OVERVIEW

Just a mile east of Interstate 29, this apartment complex sits in the middle of a quiet residential area. Short commute to Sioux Falls and Vermillion with just a 30 minute drive. Neighboring some chain and local restaurants and bars such as Subway, Hot Stuff Pizza, Cream & Sugar coffee shop, Bertz Sports Bar and Grill, and more!

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

8

PRICE/UNIT

$87,500

CAP RATE

6.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,500 SF

ZONING

MUNICIPALI

APN/PARCEL ID

260.45.02.001

ASK ABOUT THIS PROPERTY

Marcus BensonNAI Sioux FallsMore Info
605-403-0333

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Marcus BensonNAI Sioux FallsMore Info
605-403-0333

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