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Briarwood Apartments 409 Quincy St 15 Unit Apartment Building $1,500,000 ($100,000/Unit) 4% Cap Rate Rapid City, SD 57701
Executive Summary
This is per unit at 100K. This offers off street designated parking, green space irrigation, common access doors are security locked and roof and decks have been upgraded in the last two years.
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $100,000 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 8,190 SF |
| Cap Rate | 4% | Average Occupancy | 100% |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1971/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | Multi Family Residential | ||
| Price | $1,500,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 4% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 8,190 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2024 |
| Opportunity Zone |
Yes |
| Zoning | Multi Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Renters Insurance Program
- Smoke Free
- Trash Pickup - Curbside
- Vintage Building
- Fiber Optic Internet
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $675.50 | 376 |
| 1+1 | 14 | $895.00 | 733 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0037682 | Improvements Assessment | $1,241,000 |
| Land Assessment | $140,000 | Total Assessment | $1,381,000 |
Property Taxes
Parcel Number
0037682
Land Assessment
$140,000
Improvements Assessment
$1,241,000
Total Assessment
$1,381,000
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Briarwood Apartments | 409 Quincy St
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