Investment Overview
Unit Mix: 6: 3 Bed, 2 Bath / 12: 2 Bed, 1 Bath / 6: 2 Bed, 1 Bath + Den
Property is equipped with a fire suppression system
Tenants pay electric only; landlord covers all other utilities
Washer/dryer hookups available in each unit (units not currently equipped)
Common area amenities include a washer/dryer and fitness room
Secured building entrance
15 detached garages available on site
Potential future development with the ability to add 7–9 additional units
One or more owners hold an active real estate license
Assumable debt at 4.40% for 6 remaining years on 30-year amortization -$1,635,000
Can be bought as a package deal with Scotland Apartments, 821 Main Street, Scotland, SD 57069
Investment Highlights
- Unit Mix: 6: 3 Bed, 2 Bath / 12: 2 Bed, 1 Bath / 6: 2 Bed, 1 Bath + Den
- Property is equipped with a fire suppression system
- Tenants pay electric only; landlord covers all other utilities
- Washer/dryer hookups available in each unit (units not currently equipped)
- Common area amenities include a washer/dryer and fitness room
- Secured building entrance
- 15 detached garages available on site
- Potential future development with the ability to add 7–9 additional units
- One or more owners hold an active real estate license
- Assumable debt at 4.40% for 6 remaining years on 30-year amortization -$1,635,000
- Can be bought as a package deal with Scotland Apartments, 821 Main Street, Scotland, SD 57069