$31,250,000

ATTENTION INVESTORS! Excellent opportunity to acquire a 165-unit apartment complex consisting of 11 buildings with 15 apartments per bldg, + 72 garage stalls. The property includes 4 garage buildings with 18 stalls each, currently renting for $100/mo per stall. Each apartment building features 3 studio units at approx 558 sq ft renting for $900/mo, 6 one-bedroom/one-bath units at approx 774 sq ft renting for $1,100/mo, and 6 two-bedroom/two-bath units at approxx 1,013 sq ft renting for $1,400/mo. Apartments feature Whirlpool stainless steel refrigerator, range, microwave & dishwasher, along with a white stackable washer/dryer in each unit. Interior finishes include carpeted bedrooms, LVF vinyl flooring throughout kitchens, living rooms, bathrooms & laundry closets, laminate countertops, stainless steel sinks & blinds throughout. Exterior & common-area features include Trex maintenance-free decking, metal railings & balconies, maintenance-free fencing along the rear retaining wall, complete landscaping with plantings, sod & sprinkler system, and a fire suppression system approved by the Rapid City Fire Department. All 72 garages are drywalled & taped & include garage door openers with remotes. Tenants are responsible for electricity. Owner pays garbage, sewer, water, lawn care & snow removal. Current professional property management is in place and the property maintains high occupancy. Listing agent is a member of the seller