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1026 Cornell St 32 Unit Apartment Building $3,500,000 ($109,375/Unit) 5.64% Cap Rate Vermillion, SD 57069
Investment Highlights
- Clean, well-maintained complex
- 28 of 32 units recently updated flooring, paint and fixtures
- Great rental history
Property Facts
| Price | $3,500,000 | Building Class | B |
| Price Per Unit | $109,375 | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 29,952 SF |
| Cap Rate | 5.64% | Average Occupancy | 93% |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment |
| Price | $3,500,000 |
| Price Per Unit | $109,375 |
| Sale Type | Investment |
| Cap Rate | 5.64% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.38 AC |
| Building Size | 29,952 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 2005 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Ceiling Fans
- Refrigerator
- Oven
- Deck
- Patio
- Smoke Free
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 28 | $1,050 | - |
| 2+2 | 4 | $1,000 | - |
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Property Taxes
| Parcel Number | 15180-00000-130-15 | Improvements Assessment | $688,484 |
| Land Assessment | $36,470 | Total Assessment | $724,954 |
Property Taxes
Parcel Number
15180-00000-130-15
Land Assessment
$36,470
Improvements Assessment
$688,484
Total Assessment
$724,954
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1026 Cornell St
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