Old West Apartments 311 Deadwood Street

CBRE is pleased to present the opportunity to acquire Old West Apartments, consisting of a 12-unit market-rate property located at 311 N Deadwood Street and a 10-unit senior/HAP property located at 213 N Deadwood Street in Fort Pierre, South Dakota. The properties are located within one half block of one another and may be purchased individually or as a portfolio.

Old West Apartments can also be acquired as part of a 45-unit portfolio, which includes Harrison Apartments in nearby Pierre, South Dakota.

Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=4P0M1rUFEVQcvMXkg9W02PElRptVMVrhar9JRS8-4luHXt2j9MK33E7oHMVYNXUl

Address: 213 & 311 N Deadwood St, Fort Pierre, SD 57532
List Price: $750,000 ($34,091/unit)
Cap Rate: 8.84%
Year Built: 1982
Number of Units: 22
Unit Mix: 10-1BR/1BA; 10-2BR/1BA; 2-3BR/1BA
Total Rentable SF: 14,708
Average Unit Size: 669 SF
Avg. In Place Rent: $844
Avg. In Place Rent Per SF: $1.26
Number of Buildings: 2
Number of Stories: 1 & 2
Parking: Surface