Basics
- Date added: Added 1 day ago
- Category: Multi-Unit
- Status: Active
- Area: 0 sq ft
- Year built: 1979
- MLS ID: 833070
Description
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Description:
Crawford Rising Apartments offers a rare combination of immediate income and long-term upside in a market that rarely disappoints.? This stabilized 24-unit multifamily property in Vermillion, South Dakota is 100% occupied, nearly fully renovated, and supported by consistent demand from the University of South Dakota and the broader surrounding region.? The offering is priced at $2,080,000 and features a 7.00% cap rate, current NOI of $145,553, and pro forma NOI of $162,370.? The property includes two buildings on 0.72 acres with a unit mix of 22 two-bedroom/one-bath and 2 one-bedroom/one-bath residences.? With limited capital needs and rents currently below market, this asset presents a clear value-add opportunity for investors who want dependable performance and room to grow from day one.?
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