Custer Flats 437 Montgomery St 13 Unit Apartment Building $1,650,000 ($126,923/Unit) 6.73% Cap Rate Custer, SD 57730

INVESTMENT OPPORTUNITY - CUSTER FLATS - 13-unit apartment complex at the north edge of Custer. Located at the corner of Montgomery Street and US Highway 385/North 5th Street. The property was recently renovated from top to bottom. Updated plumbing, electrical, roofs, windows, parking lots and all new interiors, including the appliances, flooring and fixtures. (1- three-bedroom/two bath unit; 5-two bedroom/two bath units; 5-one bedroom/one bath units and 2 efficiency units.)
Has been fully leased since the renovation was completed with very few vacancies. Heating & cooling is provided by individual PTAC units. Separate electrical meters. Tenants pay for electric and water/sewer. Landlord pays for garage, propane and snow removal. Financials are available with a signed confidentiality agreement (NDA).
Less than 1 minute to downtown Custer, SD, Custer's new hospital, Custer County Courthouse, great restaurants, gift shops and museums. Less than 15 minutes to Hill City, SD, less than an hour to Hot Springs, SD and approximately 1 hour drive to Rapid City SD.
Close to the Black Hills most popular attractions such as: Mt Rushmore Memorial, Crazy Horse Memorial, Custer State Park, Wind Cave National Park, Jewel Cave National Memorial, the Michelson Trail and many more must see private attractions.