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Packet Harbor Point 270 Landmark Ct 19 Unit Apartment Building $4,150,000 ($218,421/Unit) 6.29% Cap Rate Box Elder, SD 57719
Investment Highlights
- Located minutes from Ellsworth Air Force Base and near Rapid City's major employment and retail amenities.
- Homes include permanent foundations and attached one-car garages
- More than half of the homes feature updated appliances and durable laminate flooring
Executive Summary
270 Landmark Ct presents an opportunity to acquire a 19-home residential investment portfolio in Box Elder, South Dakota, one of the fastest-growing communities in the Rapid City region. Located minutes from Ellsworth Air Force Base and adjacent to Rapid City, the property benefits from a well-established tenant base supported by military, contractor, and regional employment demand. The portfolio consists of individually platted homes, providing ownership flexibility through long-term hold, phased disposition, or individual home sales.
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
About 270 LANDMARK CT , BOX ELDER, SD 57719
The property consists of a 19-home residential portfolio located within Freedom Estates in Box Elder, South Dakota. The homes are separately platted, include attached garages, and are situated near Ellsworth Air Force Base and Rapid City. The portfolio reports tenant-paid utilities and includes homes with updated appliances and laminate flooring. The surrounding area is influenced by residential demand associated with regional employment centers and ongoing expansion activity at Ellsworth Air Force Base.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 19 | $1,588 | 1,000 - 1,920 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
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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