Summary
LaCrosse Estates, located in Rapid City, SD, offers comfortable living close to shopping, dining, interstate access all while located in a neighborhood like setting. Community amenities include a clubhouse, an indoor Olympic-size pool, sauna, fitness center, and more. Rapid City has a diverse economy of many thriving small businesses boosted by the area’s major industries of tourism, healthcare, Ellsworth Air Force Base, and financial call centers.
PROPERTY OVERVIEW
– 156 Units
– Purchase Price: $26.08MM
– Year of Construction: 1985
– Class B Property
BUSINESS PLAN
– Continue to increase rents organically.
– Fix various deferred maintenance issues throughout the property.
– Lower expenses and improve operational inefficiencies caused by the previous management company.