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Listed byKevin Andreson • Keller Williams Realty Black Hills SP
$ 4,150,000
Est. payment | /mo
$ 4,150,000
Est. payment | /mo
Key Details
Property Type Residential Income
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Freedom Estates Subdivision 2
MLS Listing ID 87718
HOA Y/N No
Year Built 2019
Lot Dimensions 4.42
Property Sub-Type Other
Property Description
Listed by Kevin Andreson, Keller Williams Black Hills | 605-646-5409 Single-Family Rental Portfolio - 19 Homes | Box Elder, SD Exceptional opportunity to acquire a 19-home single-family rental portfolio in the rapidly growing community of Box Elder, South Dakota, located just minutes from Rapid City and Ellsworth Air Force Base, home to the future B-21 Raider mission. The significant expansion planned at Ellsworth is expected to bring continued population growth and housing demand to the area. The portfolio consists of 19 modern single-family homes, each offering 3 bedrooms, 2 bathrooms, and a detached single-car garage. Built approximately 10 years ago, these homes feature maintenance-free exteriors and modern construction on permanent foundations, helping keep long-term operating and maintenance costs manageable. The portfolio includes 15 homes on crawl spaces with permanent foundations and 4 homes with full basements. Each property sits on its own separately platted lot, offering flexibility and long-term ownership value. Investment Highlights 19 single-family rental homes 3 bedroom / 2 bathroom floorplans Detached single-car garages Homes located on separately platted lots Maintenance-free exterior construction Tenants pay utilities 15 crawl space homes and 4 homes with full basements Strong rental demand driven by Ellsworth AFB and regional growth Excellent access and visibility from Exit 67 on I-90
Location
State SD
Area Box Elder
Zoning Conforming
Direction Exit 67 A South to Hwy 1416; East 1/2 mile to Trenton Lane, Left on Trenton, Left on Bennington.
Interior
Heating Electric, Forced Air, Heat Pump
Cooling Central Air
Appliance Dishwasher, Garbage Disposal
Laundry Laundry Hookups
Exterior
Parking Features Garage
View Y/N Yes
Roof Type Composition
Garage Yes
Building
Foundation Concrete Perimeter
Sewer City (at site)
Water Public
Level or Stories One
Others
Security Features Smoke Detector(s)
Acceptable Financing Cash, New Loan
Listing Terms Cash, New Loan
NEARBY SCHOOL & PROPERTIES
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