Two 16-Unit Apartment
1411 E Rushmore Drive Brandon, SD 57005
1411 E Rushmore Drive, Brandon, SD, 57005
$2,550,000
For Sale
$2,550,000
Two single-level 16-unit buildings offer zero-step entry, baseboard heating, and wall-mounted A/C, with tenants paying utilities.
Property Size12,200 SF
Price / SF$209.02
Days on Market449
Property Features for 1411 E Rushmore Drive
General Information
- Standard status
- Active
- Size
- 12,200 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1981
Listing agency
Hegg, REALTORS
(605) 496-9872
Listed by
Marcus A Walgrave
(605) 496-9872
Source
Exitrealty
Added: Apr 29, 2025 Updated: Jul 21 at 7:15AM Checked: Jul 21 at 7:15AM
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 Hegg, REALTORS
Investment Insights
Based on property information with market context.
This offering includes two single-level apartment buildings, 1411 E Rushmore Dr and 1413 E Rushmore Dr, each with 16 one-bedroom, one-bath units. The buildings feature zero-step entry. Unit interiors are supported by baseboard heating and wall-mounted air conditioning. Tenants are responsible for their own electricity and cable. Most units have been updated in recent years, and several larger maintenance items have been addressed over the past 15 years. Completed building analysis reports are available upon request.
The properties are located in Brandon, South Dakota. Note that 1411 and 1413 must be purchased together.
For each building, the current configuration is consistent across the 16 units, making the package well-suited for buyers seeking a straightforward, repeatable residential income layout.
The properties are located in Brandon, South Dakota. Note that 1411 and 1413 must be purchased together.
For each building, the current configuration is consistent across the 16 units, making the package well-suited for buyers seeking a straightforward, repeatable residential income layout.
Key Highlights
- Two single‑level 16‑unit apartment buildings (1411 & 1413 E Rushmore Dr) must be purchased together
- All 32 units are 1 bed, 1 bath with baseboard heating and wall‑mounted AC
- Zero‑step entry buildings for easier access
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $184.5k | $15.12 |
| − Vacancy | −$18.7k | −$1.53 |
| EGI | $165.8k | $13.59 |
| − OpEx | −$74.6k | −$6.11 |
| NOI | $91.2k | $7.47 |
12,200 SF · lease $15.12/SF/yr · vacancy 10.14% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,168 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,211 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Autumnview Apartments / Painted ...
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two single-level 16-unit buildings offer zero-step entry, baseboard heating, and wall-mounted A/C, with tenants paying utilities.
Where is this apartment building located?
The property is located at 1411 E Rushmore Drive Brandon, SD.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Two single‑level 16‑unit apartment buildings (1411 & 1413 E Rushmore Dr) must be purchased together; All 32 units are 1 bed, 1 bath with baseboard heating and wall‑mounted AC; Zero‑step entry buildings for easier access
