South Dakota / Mobridge / 57601 / 612 and 618 7th Ave W

612 and 618 7th Ave W

Mobridge, SD 57601

Riverview Apartments

Listing ID: 301371

$2,000,000

For Sale

Property Type Multifamily for Sale
Lot Size Acres 0.960
Building Sq Ft 23,844
Building Price per Sq Ft $83.88
Land Sq Ft 41,817
Land Price per Sq Ft $47.83
CAP Rate % 8.20

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Property Highlights

• 33 units

• Zoning: Residential R-2

• Lot size: 42,000 sq. ft.

• 612 7th Avenue: Building size: 13,482 sq. ft., Unit mix: 17 - two bedroom one bath; 1 one bedroom

• 618 7th Avenue: Building size: 10,362 sq. ft., Unit mix: 3 efficiency; 4 one bedroom; 8 two bedroom one bath

• Garden style 3 stories

• Laundry room – two washers and two dryer

• Site Improvements: paved surface parking, tool storage shed 8’x 28’

• Competitive projects rent a $650 for 2 bedroom, $600 for 1 bedroom

Description

Current owners have spent approximately $4,000 per unit over last 5 years on new windows, appliances, two new boilers, carpet, LED lighting, and new roof on each building in 2022

Attachments & Files

riverviewapartments2023-AjN-V07.pdf

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Listing Demographics for 612 and 618 7th Ave W Mobridge, SD 57601

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		483	2,774	3,783
Population Median Age		43	43	42
Population by Age	0-9 Yrs	45 (9%)	303 (10%)	441 (11%)
	10-19 Yrs	64 (13%)	364 (13%)	508 (13%)
	20-29 Yrs	50 (10%)	284 (10%)	353 (9%)
	30-39 Yrs	50 (10%)	292 (10%)	439 (11%)
	40-49 Yrs	77 (15%)	359 (12%)	463 (12%)
	50-59 Yrs	48 (9%)	290 (10%)	394 (10%)
	60-69 Yrs	79 (16%)	446 (16%)	578 (15%)
	70+ Yrs	70 (14%)	437 (15%)	606 (16%)

Median HH Income		$49,778	$49,178	$49,722
Total Household Income	< 24K	38 (16%)	209 (16%)	299 (18%)
	25-49K	80 (34%)	432 (34%)	511 (31%)
	50-74K	32 (13%)	198 (15%)	253 (15%)
	75-99K	32 (13%)	147 (11%)	194 (12%)
	100-199K	42 (18%)	207 (16%)	270 (16%)
	200K+	9 (3%)	61 (4%)	81 (5%)

Highest Education Level	No Diploma	33	226	334
	Diploma or GED	148	791	1016
	Some College	57	311	442
	Assoc. Degree	37	213	282
	Bachelors Degree	50	282	402
	Higher Degree	23	139	189

Total Housing Units		264	1,520	1,936
--Owner-Occupied		165	828	1,068
--Renter-Occupied		67	426	541
Owner-Occupied Values	< 100K	93	430	535
	100-199K	47	230	297
	200-299K	13	93	142
	300-399K	2	15	19
	400-499K	2	11	13
	500K+	8	50	62

Total Working Age Population		385	2,229	3,020
In Work Force		284	1,536	2,023
Not In Work Force		101	693	998
Workforce Employed		268	1,456	1,906
Workforce Unemployed		13	63	96
Civlian Workforce		282	1,520	2,003
Military Workforce		2	17	20

Total Households		232	1,255	1,609
Family Households		106	690	922
Non-Family Households		126	565	687
Married Couple		79	515	685
Other Family		27	175	237
Married w/Child		26	194	267
Single Male w/Child		5	38	45
Single Female w/Child		1	18	41

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
South Dakota	754,844	+8	814,180	+9	889,447	+7	951,885
Campbell County	1,782	-18	1,466	-18	1,198	-22	936
Corson County	4,181	-3	4,050	+2	4,115	+3	4,248
Walworth County	5,974	-9	5,438	-6	5,099	-6	4,768
Dewey County	5,972	-11	5,301	+3	5,438	+5	5,699

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

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Closest Commercial Airports

Airport	Distance (mi)
Sioux Gateway Airport / Brigadier General Bud Day Field (SUX)	296
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP)	354
Eppley Airfield (OMA)	371