Investors - here is a great opportunity to own a very nice rental! 5.9 CAP rate, with room to raise rents on 3 bed side. Add a 4th bedroom or even a 5th for additional improved return. This side-by-side duplex building is a rare find, with spacious floor plans, boasting over 4,000 square feet of finished space. Each side has separate exterior front AND back entrances. 1409 is a 3 bedroom, 2 bath home with extremely large lower-level family room & utility room. Two car garage is oversize 2 car + shop space w/ door to yard. Ther is an additional entry into lower portion of unit from backyard. 1405 is a 4 bedroom, 2 bath home with lower-level family room & utility room with additional cabinetry too. New carpet & paints, lower level ceiling tile & upper bathroom refresh before this tenant moved in during 2024. Also has separate 2 car garage. Must bring acceptable offer & bank approval letter for showings of interior, so as not to disrupt our tenants. Agents and buyers are NOT to approach renters in any way. Owner anticipates additional $400+ of rent by adding additional bedroom(s), further increasing your ROI.
Two exceptional 16 unit apartments with a 7.6% Cap Rate, located in the growing and highly desirable city of Brandon, SD. 1411 & 1413 E Rushmore Dr are single level buildings with zero step entry and are in excellent condition. These would be a wise addition to your real estate portfolio. Each unit has 1 bedroom and 1 bathroom with baseboard heating and wall mounted AC. Tenants pay for their own electricity and cable. Most of the units have been updated in recent years, and several large expense maintenance items have been addressed in the past 15 years. Schedule a showing today!
The median home value in Brandon, SD is $243,900. This is higher than the county median home value of $188,600. The national median home value is $219,700. The average price of homes sold in Brandon, SD is $243,900. Approximately 71.81% of Brandon homes are owned, compared to 26.46% rented, while 1.73% are vacant. Brandon real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Brandon real estate agent to arrange a tour today!
Brandon, South Dakota 57005 has a population of 9,731. Brandon 57005 is more family-centric than the surrounding county with 45.9% of the households containing married families with children. The county average for households married with children is 33.37%.
The median household income in Brandon, South Dakota 57005 is $80,727. The median household income for the surrounding county is $57,322 compared to the national median of $57,652. The median age of people living in Brandon 57005 is 33.3 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 6.9 degrees. The average rainfall is approximately 27.6 inches per year, with 44.5 inches of snow per year.