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Mitchell (SD) 180-unit MF Portfolio 3 Multifamily Properties Offered at $23,500,000 in Mitchell, SD
Investment Highlights
- Institutional-grade 180-unit (3-property) portfolio in Mitchell, SD.
- Excellent condition
- 100% occupancy (as of Oct 1, 2025)
Executive Summary
Rare opportunity to purchase 180 apartment units in Mitchell, SD. Portfolio consists of 3 properties: 72 garden apts (w/ 84 detached garages), 60 garden apts (w/ 72 detached garages), and 48 townhomes (w/48 attached garages). In total, there are 147 2-bdrm/2-bth units and 33 2-bdrm/1-bth units. Properties have been well cared for & are in great condition. Financials available upon signing an NDA.
Data Room Click Here to Access
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $23,500,000 | Status | Active |
| Price / SF | $94.64 / SF | Number of Properties | 3 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 6.28% | Total Building Size | 248,322 SF |
| Sale Type | Investment | Total Land Area | 16.32 AC |
| Price | $23,500,000 |
| Price / SF | $94.64 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 6.28% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 248,322 SF |
| Total Land Area | 16.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1600 Country Dr, Mitchell, SD 57301 | Multifamily | 94,404 SF | 2002 | - |
|
Country Estates
2021 N Kimball St, Mitchell, SD 57301 |
Multifamily | 82,368 SF | 1995 | - |
| 2821 N Ohlman St, Mitchell, SD 57301 | Multifamily | 71,550 SF | 1993 | - |
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Mitchell (SD) 180-unit MF Portfolio
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