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Rosewood Apartments 904 E Milbank Ave 38 Unit Apartment Building $4,700,000 ($123,684/Unit) 6.93% Cap Rate Milbank, SD 57252
EXECUTIVE SUMMARY
Fully stabilized, 38-unit multi-family property with detached garages on 2.86 acres.
Modern high-quality finishes include cabinetry with soft close hardware, stainless steel appliance and dishwasher.
Controlled access entry, interior mailboxes, elevator and garbage chutes for convenience.
Assumable Tax Increment District (TID) with the City of Milbank-contact broker for details.
In-place management willing to stay with new owner.
Excess land for expansion opportunity.
Modern high-quality finishes include cabinetry with soft close hardware, stainless steel appliance and dishwasher.
Controlled access entry, interior mailboxes, elevator and garbage chutes for convenience.
Assumable Tax Increment District (TID) with the City of Milbank-contact broker for details.
In-place management willing to stay with new owner.
Excess land for expansion opportunity.
PROPERTY FACTS
| Price | $4,700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $123,684 | Building Class | B |
| Sale Type | Investment | Lot Size | 2.89 AC |
| Cap Rate | 6.93% | Building Size | 40,537 SF |
| No. Units | 38 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment |
| Price | $4,700,000 |
| Price Per Unit | $123,684 |
| Sale Type | Investment |
| Cap Rate | 6.93% |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.89 AC |
| Building Size | 40,537 SF |
| No. Stories | 3 |
| Year Built | 2021 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| 2+1 | 12 | - | - |
| 2+2 | 13 | - | - |
| Studios | 2 | - | - |
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PROPERTY TAXES
| Parcel Number | 26.03.01.00 | Improvements Assessment | $0 |
| Land Assessment | $38,673 | Total Assessment | $38,673 |
PROPERTY TAXES
Parcel Number
26.03.01.00
Land Assessment
$38,673
Improvements Assessment
$0
Total Assessment
$38,673
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Rosewood Apartments | 904 E Milbank Ave
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