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3313 Leland Lane
Rapid City, SD 57702
Asking Price
$1.75M
Cap Rate
8.11%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 27 Units | $64,815/unit <ul><li>Outstanding investment opportunity in West Rapid City</li><li>27-unit apartment complex with excellent mix: 24 studio apartments, one 2-bedroom/1-bath unit, one 1-bedroom/1-bath unit, and one efficiency unit</li><li>On-site laundry facility with washers and dryers</li><li>Six rentable garages providing additional income, plus one dedicated management garage</li><li>Tenants pay their own electricity while ownership pays water, sewer, boiler heat, and other common area expenses</li><l
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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542
