1000 Crawford RdVermillion, SD 57069

This exceptional 24-unit apartment complex presents a compelling investment opportunity in Vermillion, South Dakota. Located at 1000 S Crawford Rd, 57069, this well-maintained property boasts a total of 19,680 square feet situated on a spacious 63,000 square foot lot. Constructed in 1988, the complex comprises two buildings, each housing a mix of one and two-bedroom units. Specifically, there are 22 two-bedroom units and 2 one-bedroom units. The property currently enjoys 100% occupancy, generating solid rental income. Utilities are managed efficiently with the owner covering water, sewer, and common area electricity (hot water electricity is also owner-paid). Washer and dryer units are leased to tenants. Significant capital expenditures have been invested in the property by the current owner, ensuring its continued excellent condition. The property's APN is 15660-00600-040-00;15660-00600-030-00. This turnkey investment is priced at $1,800,000 and offers a strong return on investment. The property is located in Clay County.