Vermillion Multifamily Investment
For Sale
Contact for pricing
Pending
1000 South Crawford Road, Vermillion, SD 57069
Stabilized 24-unit multifamily property in Vermillion, South Dakota.
Property Size6,560 SF
Lot Size0.72 Acres
Days on Market104
Property Features for 1000 South Crawford Road
General Information
Standard status
Pending
Size
6,560 SF
Class
B
Lot size
0.72 Acres
Property subtype
Multifamily
Zoning
Commercial
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Built
1979
Buildings
2
Units
24
Listing Agency:
Gateway Real Estate Advisors
Listed By:
Nic Madsen · License #S67281000
(712) 540-6562
Source:
Crexi
Added: May 22
Changed: Aug 22
Last Checked: Aug 21 at 9:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gateway Real Estate Advisors
Investment Insights
Based on property information with market context.
Crawford Rising Apartments is a stabilized 24-unit multifamily property located in Vermillion, South Dakota. The property consists of two buildings situated on 0.72 acres. The unit mix includes 22 two-bedroom/one-bath units and 2 one-bedroom/one-bath units. The property is 100% occupied and nearly fully renovated. The property has a total size of 6560 square feet. This asset presents a value-add opportunity for investors. It is supported by consistent demand from the University of South Dakota and the surrounding region. Intended use of the property is multifamily residential. The current NOI is $145,553, and the pro forma NOI is $162,370.
Key Highlights
- 100% Occupancy: Provides immediate and consistent income stream.
- Strong Cash Flow: Current NOI of $145,553 and a 7.00% cap rate.
- Value‑Add Opportunity: Rents are currently below market, offering potential for increased revenue.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
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Business Placement
Demographics for 57069, SD
13,005
Population
5,307
Households
2.5
Avg Household Size
27
Median Age
50%
College-Educated
94%
High-School Grad
169.3 sq mi
ZIP Area
77
Density / Sq Mi
$54,720
Median Household Income
$20,652
Median Earnings
$731
Median Rent
$225,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 24-unit multifamily property in Vermillion, South Dakota.
Where is this apartment building located?
The property is located at 1000 South Crawford Road Vermillion, SD.
What is the asking price?
The asking price for this property is $2,080,000.
What are key features of this property?
This property features: 100% Occupancy: Provides immediate and consistent income stream.; Strong Cash Flow: Current NOI of $145,553 and a 7.00% cap rate.; Value‑Add Opportunity: Rents are currently below market, offering potential for increased revenue.
