Northview Estates
72 Unit Apartment Building | $10,440,000 ($145,000/Unit) | Mitchell, SD 57301
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $10,440,000
- Property Type
-
Multifamily
- Square Feet
- 82,368 SF
Listing Contacts
Brian Eliason
Verified Profile
- Property Info
Property Overview
Northview Estates is a well-maintained and upscale 72-unit multi-family apartment complex located on the north side of Mitchell, SD, with a population of approximately 16,000. Each unit boasts 2 spacious bedrooms, with 54 units featuring 2 bathrooms and 18 units featuring 1 bathroom. Additionally, each unit includes a detached garage. The construction of the property utilized top-quality materials and methods, such as gyp-crete subfloors for noise reduction and double-stud walls for increased soundproofing between units. The property has been under the same ownership since development and has been meticulously cared for, with regular updates to flooring, appliances, and exteriors. Currently, the property is almost fully occupied and rental rates are below market value for similar units. For more information, please contact Brian at 605-999-4240 or email [email protected].
Property Details
- Class
- B
- Year Built
- 1995
- Stories
- 3
- Lot Size (sq. ft)
- 223,027 SF
- Units
- 72
Highlights
- Stable, well-occupied property.
- High quality construction (gyp-crete floors and double-stud walls).
- Rents well below market rents.
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