Excellent investment property with stable operations and large value add potential! Ideally located in an opportunity zone and tax credit district, LaCrosse Estates, located in Rapid City, SD, offers walk able living close to shopping, dining, transportation and many other commercial services while still located in a neighborhood like setting. Property has 265 units in 8 apartment buildings, a clubhouse with indoor pool and fitness center, garages, storage units, and amazing outdoor courtyard. Amenities include professional on-site management, controlled building access, smoke-free living, laundry facilities in each building, and 24/7 package kiosk. The property has great value add potential with kitchen upgrades, below market rent and expansion land available to the east. Offering Memorandum with unit mix, financial and capital improvement history available by request. Listed by Chris Long, Keller Williams Realty Black Hills/KW Commercial, 605-939-4489.
|--||New Value: $24,800,000|
|4/1/2020 9:24:00 AM||New Value: $24,800,000|