1313 W 30th St 24 Unit Apartment Building $4,200,000 ($175,000/Unit) 6.61% Cap Rate Yankton, SD 57078

ox Run Apartments presents an appealing investment opportunity in the growing community of Yankton, South Dakota. This well-maintained 24-unit multifamily property offers a favorable unit mix, including two- and three-bedroom layouts with select units featuring a den. Occupancy stands at 100%, underscoring the property’s stability and consistent demand in the local rental market. The complex includes 15 detached garages and common area amenities such as a fitness room and laundry facilities, enhancing tenant satisfaction. Each unit provides washer/dryer hookups, and the property is equipped with a fire suppression system for life safety compliance. Residents are responsible for electric utility costs, while ownership covers other utilities, offering predictable operating expenses.
Situated on 1.5 acres, Fox Run Apartments also offers development potential, with the ability to add seven to nine additional units, which can significantly increase income. This investment includes an assumable loan at 4.4% with six years remaining, providing an attractive financing structure. Conveniently located near retail, dining, and employment hubs, the property benefits from strong accessibility via SD-50 and Highway 81.