1000-1008 Crawford Rd S, Vermillion,
SD 57069

MLS # 833070

$2,080,000

  • N/A
  • 1
  • N/A
  • Active

General Description

Crawford Rising Apartments offers a rare combination of immediate income and long-term upside in a market that rarely disappoints. This stabilized 24-unit multifamily property in Vermillion, South Dakota is 100% occupied, nearly fully renovated, and supported by consistent demand from the University of South Dakota and the broader surrounding region. The offering is priced at $2,080,000 and features a 7.00% cap rate, current NOI of $145,553, and pro forma NOI of $162,370. The property includes two buildings on 0.72 acres with a unit mix of 22 two-bedroom/one-bath and 2 one-bedroom/one-bath residences. With limited capital needs and rents currently below market, this asset presents a clear value-add opportunity for investors who want dependable performance and room to grow from day one.

Legal: LOT 4 BLK 6 RIDGECREST 7TH; LOT 4 BLK 6 RIDGECREST 7TH
Status: Active

Property Information

833070

$2,080,000

1000-1008 S Crawford Rd

Other Default

Vermillion

Clay

SD

Sale

Multi-Unit

9

1979

1

57069

23908

LISTED BY

Gateway Real Estate Advisors, Nic Madsen (712.540.6562)

PROPERTY LOCATION

MORTGAGE CALCULATOR

Cassie Chilton - REALTOR ®

Cassie Chilton

REALTOR ®

Jeff Carlson - BROKER/OWNER

Jeff Carlson

BROKER/OWNER

Rachel Carlson - REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Rachel Carlson

REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Ask About this Property #833070

MARKET WATCH

Open House(54)
Price Adjustment(19)
Price Decreased(356)

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