SD > Vermillion
Vermillion, SD 57069,1026-1116 Cornell
Vermillion, SD 57069,1026-1116 Cornell
Vermillion, SD 57069,1026-1116 Cornell
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Michelle Maloney

Michelle Maloney

+1(605) 677-9006
$3,500,000
Est. payment /mo
16 Beds
11 Baths
3,744 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Unit

Listing Status Active

Purchase Type For Sale

Square Footage 3,744 sqft

Price per Sqft $934

MLS Listing ID 830378

Bedrooms 16

Full Baths 8

Three Quarter Bath 4

Year Built 2005

Annual Tax Amount $57,765

Tax Year 2024

Lot Size 1.570 Acres

Acres 1.57

Property Sub-Type Multi-Unit

Property Description

Sunset Apartments delivers what investors and residents want most: simplicity, durability, and everyday livability, steps from Vermillion conveniences and minutes to the University of South Dakota. Eight classic, garden-style buildings (32 total homes; each 800 SF) are spread across ±1.566 acres, pairing low-maintenance construction with fresh 2024 roof replacements on all buildings. The community's cohesive two-bedroom offering (20 two-bed/one-bath and 12 two-bed/two-bath) stays full & easy to run supported by resident-paid water/electric, landlord-paid trash, and common-area laundry in every building. Thoughtful details elevate the renter experience: main-level apts open via sliding glass doors to private concrete patios; four buildings feature private upper decks for airy outdoor living. Two construction phases provide mechanical efficiency: the earlier 2005 buildings offer in-wall A/C with radiant heat, while the 2008 buildings feature central A/C with forced-air heat. On-site convenience continues outside with 72 striped surface spaces and straightforward site lines across the flat, R-3-zoned grounds. Positioned for steady performance and low friction, Sunset Apartments is a clean, rent-ready asset with immediate cash flow and clear levers for optimization, tiered premiums for patio/deck homes, floor level, and plan type; continued operational consistency; and marketing to a durable renter base anchored by USD, healthcare, and local schools. Key Highlights: Eight 2-story buildings|32 units|each 800 SF|open concept Mix: (20) 2×1 and (12) 2×2 28 of 32 units updated, 2024: new shingles on all buildings. Outdoor living: private patios on main-level homes; upper decks on four buildings. Laundry: common-area laundry in every building. Mechanical: 2005 phase—in-wall A/C + radiant heat; 2008 phase—central A/C + forced-air heat. Utilities: resident-paid water & electric; landlord-paid trash; no gas; no RUBS currently in place. Parking: 72 striped surface spaces.

Location

State SD

County Clay

Area Surrounding Areas/Other Areas

Zoning R3

Multi-Unit Info

Total Units 32

Unit 1 Information SqFt: 800; Bedroom: 2; Bathroom: 1.75; FullBath: 1

Unit 2 Information SqFt: 800; Bedroom: 2; Bathroom: 1.75; FullBath: 1

Unit 3 Information SqFt: 800; Bedroom: 2; Bathroom: 1.75; FullBath: 1

Unit 4 Information SqFt: 800; Bedroom: 2; Bathroom: 1.75; FullBath: 1

Interior

Heating Forced Air, Radiant

Cooling Central, Window Unit

Building

Sewer City

Water City

Schools

Elementary Schools Vermillion

Middle Schools Vermillion

High Schools Vermillion

Others

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Michelle Maloney

Michelle Maloney

+1(605) 677-9006

Broker | License ID: 14315

Broker License ID: 14315

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