Elk Point Exit 18

Apartment For Rent in Vermillion, SD

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Elk Point Exit 18
Vermillion, SD 57025

0	Bedrooms	$0	Rent
0	Bathrooms	$0	Deposit
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Mid Dakota Properties

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Investment property at exit 18. We have 66 acres of land for sale for $1,250,000. At this time we have:

1. The Main building rented for $1,000 a month.

2. Brown pole barn rented for $250 a month.

3. White two car garage rented for $100 a month.

4. Tan steel storage shed rented for $100 a month with an additional one acre parcel of land to the south rented for another $100 a month. $200 total.

5. The 59 acres of farmland rented for $7,500 for the year.

Monthly income is $1,450 X 12 = $17,400 plus the $7,500 from the farmland or $24,900 a year at this time.

The one acre corner South East lot is for sale for $35,000 and the 7 one acre lots facing the interstate are $25,000. The 7 one acre lots on the south side of the property are $20,000. The land inside the perimeter would be divided and sold as per the needs of the owners of the perimeter lots.

A borrow pit for construction fill would be dug in the NorthWest pan handle.

We are interested in sale, rent, CFD (contracts for deed), and even silent partnerships in the right business idea.

Call or text Boyd at 605-999-5636

Our rental rates are based on a 12 month lease. If it is your intention to rent a unit for anything less than 12 months, the monthly rent will be increased by 20%.

Find us on Facebook: Mid Dakota Properties/South Sanborn Storage

FYI! Be aware the last tenant complained of developing an allergic reaction to something in the building.

After They moved into the building new carpet, vinyl and paint was put into the property. Additionally the tenant had pets and they installed cabinets and enclosed kennels for the dog grooming business they were going to start. Pet products and materials were brought in also. After having access to the building for over 5 months the tenant complained of having an allergic reaction. After we were noticed by the tenant of there health situation we allowed them to break the lease and move from the location.

Prior to them taking possession of the building we had multiple former tenants, employees and contractors who were in the building...none developed health issues or complained of allergic reactions. After the tenant vacated the building multiple people have been in the building cleaning what was left, repairing some minor issues and painting over the old tenants paint color choices. Not of those people has developed any health or allergy issues.