7 Rodeo St,
Deadwood , SD 57732
 
$2,699,000
Price
12,160
Building SF
$134,950
Price Per Unit
1974
Year Built
20
Number of Units
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$2,699,000
Price
12,160
Building SF
$134,950
Price Per Unit
1974
Year Built
20
Number of Units
20-unit apartment complex in the heart of Deadwood's historic allure, is a great opportunity for savvy investors. Offering a mirrored layout of 1-bedroom, 1-bathroom units, including one ADA-compliant unit.
The amenities, including zero-entry access and individual locked storage closets in the common area, enhance tenant satisfaction. Additionally, each building within the complex features its own coin-operated laundry facilities, providing added convenience for residents and an additional income stream for property owners.
Recent unit renovations and fresh exterior paint (as of September 2023) add to the property's appeal. With current rents ensuring a strong cash flow, coupled with a consistent historical 100% occupancy rate (The only time there are vacancies are when there are units being updated) and a usual waitlist due to its prime Deadwood location, this investment promises both security and the potential for rent increase due to its high demand and currently below-market rental prices, further enhancing your return on investment.
Investing in South Dakota is a wise choice, thanks to its exceptional advantages. The state offers a business-friendly environment with zero personal, corporate, or property taxes, making it highly attractive to investors. The low cost of living benefits both individuals and businesses, creating a favorable financial climate. South Dakota's diverse economy spans agriculture, manufacturing, tourism, healthcare, and finance, offering a wide range of investment opportunities. Its strategic central location provides easy access to major markets and robust transportation networks, further enhancing its appeal.
South Dakota is known for its skilled workforce, low crime rates, excellent schools, and various business incentives, including tax benefits and grants. Sioux Falls serves as a thriving financial services hub, contributing to the state's economic vibrancy. Additionally, South Dakota's commitment to renewable energy, especially wind power, presents sustainable investment prospects. Meanwhile, the historic town of Deadwood in the scenic Black Hills offers unique attractions and outdoor adventures while preserving its 19th-century charm. South Dakota is a destination for both investors and adventurers, shining with opportunities and natural beauty.
FOR MORE DETAILS CONTACT
Jim Pryor
Managing Partner
(704) 620-8745
jim@ardorcre.com
NC 300373 SC 105555
Thomas Lewis
Multi-Family Advisor
(980) 347-9229
tlewis@ardorcre.com
339469
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