| CREOP

Assumable is $1,650,000 @ 5% APR over 30yr balloon in 8.5 years with option for renewal. At $2.59 million, the 20-unit apartment complex is roughly 6.1% cap rate without increasing rents.
KOPPER KEY APARTMENTS in Historic Deadwood, SD: This exceptional 20-unit apartment complex on Rodeo Street, located in the heart of Deadwood's historic allure, is a golden opportunity for savvy investors. Offering a mirrored layout of 1-bedroom, 1-bathroom units, including one ADA-compliant unit, this property combines accessibility with appeal. 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, along with a consistent historical 100% occupancy rate with a usual waitlist due to its prime Deadwood location!

Deadwood, situated in the Black Hills of South Dakota, is a town steeped in rich history and renowned for its Wild West heritage. Founded during the Black Hills Gold Rush in the 1870s, it has transformed from a lawless frontier town into a thriving tourist destination. The town is a National Historic Landmark, attracting visitors interested in its storied past and vibrant culture.
The real estate market in Deadwood offers diverse investment opportunities, from historic properties and residential homes to commercial spaces catering to tourists. The demand for vacation rentals and hospitality services remains high, driven by steady tourist influx year-round. Additionally, properties in historic districts often appreciate in value due to their unique appeal and limited availability.
Investing in Deadwood offers strong income potential, particularly in the hospitality and rental sectors. The town's thriving tourism industry ensures a steady stream of visitors, translating into high occupancy rates for hotels, vacation rentals, and dining establishments. Additionally, the town's historical significance and natural beauty provide a stable foundation for long-term value appreciation.