1000-1008 S Crawford Rd, Vermillion, SD
Crawford Rising Apartments offers a rare combination of immediate income and long-term upside in a market that rarely disappoints.? This stabilized 24-unit multifamily property in Vermillion, South Dakota is 100% occupied, nearly fully renovated, and supported by consistent demand from the University of South Dakota and the broader surrounding region.? The offering is priced at $2,080,000 and features a 7.00% cap rate, current NOI of $145,553, and pro forma NOI of $162,370.? The property includes two buildings on 0.72 acres with a unit mix of 22 two-bedroom/one-bath and 2 one-bedroom/one-bath residences.? With limited capital needs and rents currently below market, this asset presents a clear value-add opportunity for investors who want dependable performance and room to grow from day one.?
Property Address
Open on Google Maps- Address 1000-1008 S Crawford Rd
- City Vermillion
- State/county SD
- Zip/Postal Code 57069
Property Details
- Property ID: 833070
- Price: $2,080,000
- Property Lot Size: 0.72 Acres
- Year Built: 1979
- Property Type: Multi-Family
- Taxes: $23908
MLS Information
| Below Grade Finished Square Feet | 0 |
| Contingency Type | None |
| County | Clay |
| Legal Description | LOT 4 BLK 6 RIDGECREST 7TH; LOT 4 BLK 6 RIDGECREST 7TH |
| Main Square Feet | 0 |
| Rental Income | 233586 |
| Rented | Yes |
| Tax Year | 2025 |
| Units | 24 |
| Water Type | City |
| Zoning | res |
MLS#: 833070; Listing Provided Courtesy of Gateway Real Estate Advisors (712-226-8000) via Northwest Iowa Regional Board of REALTORS. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
