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- LoopNet Team
761 E Anamosa St
Rapid City, SD 57701
LaCrosse Estates Apartment Homes · Build-to-Rent Property For Sale
·
265 Units
INVESTMENT HIGHLIGHTS
- High occupancy rate - 98% over 5 years
- Located in Opportunity and Tax Credit Zones
- Offering Memorandum available by request at https://forms.gle/M321aANnWwa4zeTa7
- Convenient location - close to shopping/restaurants, blocks from I-90, close the Ellsworth Air Force Base
- Potential for expansion
PROPERTY FACTS
| No. Units | 265 | Property Size | 216,206 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Floors | 3 |
| Apartment Style | Garden | Year Built | 1985 |
| Costar Property Class | B | Parking Allocation | 2.65/1,000 sq ft |
| Total Plot Size | 11.26 ac | ||
| Use Class | MDR - Medium Density Residential | ||
| No. Units | 265 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Costar Property Class | B |
| Total Plot Size | 11.26 ac |
| Property Size | 216,206 sq ft |
| Average Occupancy | 91% |
| No. Floors | 3 |
| Year Built | 1985 |
| Parking Allocation | 2.65/1,000 sq ft |
| Use Class | MDR - Medium Density Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Business Centre
- Clubhouse
- Courtyard
- Fitness Centre
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Sauna
- Spa
- Tennis Court
- Basketball Court
- Grill
- Laundry Service
- Package Service
- Volleyball Court
- Storage Space
- Lounge
- Maintenance on site
ABOUT 761 E ANAMOSA ST , RAPID CITY, SD 57701
Excellent investment property with stable operations and large value add potential! Located in a federal opportunity zone and tax credit district, LaCrosse Estates, located in Rapid City, SD, offers walkable living close to shopping, dining, transportation and many other commercial services while still located in a neighborhood like setting. Property has 265 units in 8 apartment buildings, a clubhouse with indoor pool and fitness center, garages, storage units, and amazing outdoor courtyard. Amenities include professional on-site management, controlled building access, smoke-free living, laundry facilities in each building, and 24/7 package kiosk. The property has great value add potential with kitchen upgrades, below market rent and expansion land available to the east. Offering Memorandum with unit mix, financial and capital improvement history available by request at https://forms.gle/M321aANnWwa4zeTa7.
PROPERTY TAXES
| Parcel Number | 2131201005 | Improvements Assessment | £21,852,136 |
| Land Assessment | £1,327,843 | Total Assessment | £23,179,979 |
PROPERTY TAXES
