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Scotland Apartments 821 Main St 8 Unit Apartment Building $750,000 ($93,750/Unit) 7.08% Cap Rate Scotland, SD 57059
INVESTMENT HIGHLIGHTS
- Can be bought as a package deal with Fox Run Apartments, 1313 West 30th Street, Yankton, SD 57078
- Common area washer and dryer
- Tenants pay electric only; landlord pays all other utilities
- One or more owners is a licensed real estate agent
- Electric baseboard heat and water heater
- 50% of units and common area renovated
PROPERTY FACTS
| Price | $750,000 | Building Class | C |
| Price Per Unit | $93,750 | Lot Size | 0.99 AC |
| Sale Type | Investment | Building Size | 8,000 SF |
| Cap Rate | 7.08% | Average Occupancy | 75% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parcel Number | 04.08.1025 |
| Price | $750,000 |
| Price Per Unit | $93,750 |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.99 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parcel Number | 04.08.1025 |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Lawn
SITE AMENITIES
- 24 Hour Access
- Package Service
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 750 |
| 2+1 | 7 | - | 900 |
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Scotland Apartments | 821 Main St
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