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Packet Harbor Point 270 Landmark Ct 19 Unit Apartment Building $4,350,000 ($228,947/Unit) 5.54% Cap Rate Box Elder, SD 57719
Investment Highlights
- Large back yards
- Open floor plans
Executive Summary
Listed by Kevin Andreson, Keller Williams Black Hills | 605-646-5409
Single-Family Rental Portfolio – 19 Homes | Box Elder, SD
Exceptional opportunity to acquire a 19-home single-family rental portfolio in the rapidly growing community of Box Elder, South Dakota, located just minutes from Rapid City and Ellsworth Air Force Base, home to the future B-21 Raider mission. The significant expansion planned at Ellsworth is expected to bring continued population growth and housing demand to the area.
The portfolio consists of 19 modern single-family homes, each offering 3 bedrooms, 2 bathrooms, and a detached single-car garage. Built approximately 10 years ago, these homes feature maintenance-free exteriors and modern construction on permanent foundations, helping keep long-term operating and maintenance costs manageable.
The portfolio includes 15 homes on crawl spaces with permanent foundations and 4 homes with full basements. Each property sits on its own separately platted lot, offering flexibility and long-term ownership value.
Investment Highlights
19 single-family rental homes
3 bedroom / 2 bathroom floorplans
Detached single-car garages
Homes located on separately platted lots
Maintenance-free exterior construction
Tenants pay utilities
15 crawl space homes and 4 homes with full basements
Strong rental demand driven by Ellsworth AFB and regional growth
Excellent access and visibility from Exit 67 on I-90
Single-Family Rental Portfolio – 19 Homes | Box Elder, SD
Exceptional opportunity to acquire a 19-home single-family rental portfolio in the rapidly growing community of Box Elder, South Dakota, located just minutes from Rapid City and Ellsworth Air Force Base, home to the future B-21 Raider mission. The significant expansion planned at Ellsworth is expected to bring continued population growth and housing demand to the area.
The portfolio consists of 19 modern single-family homes, each offering 3 bedrooms, 2 bathrooms, and a detached single-car garage. Built approximately 10 years ago, these homes feature maintenance-free exteriors and modern construction on permanent foundations, helping keep long-term operating and maintenance costs manageable.
The portfolio includes 15 homes on crawl spaces with permanent foundations and 4 homes with full basements. Each property sits on its own separately platted lot, offering flexibility and long-term ownership value.
Investment Highlights
19 single-family rental homes
3 bedroom / 2 bathroom floorplans
Detached single-car garages
Homes located on separately platted lots
Maintenance-free exterior construction
Tenants pay utilities
15 crawl space homes and 4 homes with full basements
Strong rental demand driven by Ellsworth AFB and regional growth
Excellent access and visibility from Exit 67 on I-90
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 19 | $1,588 | 1,000 - 1,920 |
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Property Taxes
| Parcel Numbers | Total Assessment | $4,670,200 | |
| Land Assessment | $1,047,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,622,700 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$1,047,500
Improvements Assessment
$3,622,700
Total Assessment
$4,670,200
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Packet Harbor Point | 270 Landmark Ct
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