1000-1008 S Crawford Rd, Vermillion, SD

1000-1008 S Crawford Rd, Vermillion, SD - Get Directions
 

Details

 

$2,080,000

Multi-Family

  • Property ID 833070
  • Acres 0.72 Acres
  • Year Built 1979
  • Property Status For Sale
  • Taxes $23908

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.?

 

MLS Information

 
Below Grade Finished Square Feet0
Contingency TypeNone
CountyClay
Legal DescriptionLOT 4 BLK 6 RIDGECREST 7TH; LOT 4 BLK 6 RIDGECREST 7TH
Main Square Feet0
Rental Income233586
RentedYes
Tax Year2025
Units24
Water TypeCity
Zoningres

MLS#: 833070; Listing Provided Courtesy of Gateway Real Estate Advisors (712-226-8000) via Northwest Iowa Regional Board of REALTORS. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Compare listings

Compare