1000 S Crawford Rd, Vermillion, SD 57069
- $2,080,000
- 6,560
- SqFt
- List Price
- $2,080,000
- MLS#
- 22603644
- Living Area
- 6,560
- Lot Size
- 31,363
Property 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.
Additional Information
- School District
- Vermillion
- Middle School
- Vermillion MS
- High School
- Vermillion HS
- Elementary School
- Vermillion Elem School - Vermillion 13-1
- Acres
- 0.72
- Appliances
- Range, Refrigerator
- Foundation
- Poured Concrete
- Living Area
- 6,560
- Lot Size
- 31,363
- Number Of Units
- 24
- Sewer
- Public Sewer
- Stories
- 3
- Subdivision
- Other - Outside Jurisdiction
- Water
- Public
- Year Built
- 1979
Courtesy of Daniel Stillson from Gateway Real Estate Advisors.
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