Rapid City
Class C AssetsOffering Details
Property Type
Multifamily
Target Raise
$3,745,760
Investment Type
Equity
Projected IRR at Five Years Holding
23.29%
Investment Summary
This offering presents investors an opportunity to invest in 259-unit multifamily apartment buildings in Rapid City, SD.
Tzadik Management is an experienced real estate investor that currently manages 7500+ units nationwide with a core focus on Class C multifamily investments. Tzadik Management specializes in direct investments in middle market multifamily real estate and has operational experience in this market.
Portfolio Summary
Ideal location in Rapid City:
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Star Village: C-class Duplex neighborhood that sits on top of a hill with incredible views of Rapid City, and minutes away from South Dakota School of Mine & Technology.
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Aspen Park: C-Class garden style apartment building only 1.0 Mile away from Regional Health Rapid City Hospital, and local public schools.
Market Summary
WHAT MAKES RAPID CITY SO SPECIAL?
More than two million people visit annually, making Rapid (as locals call it) their home base for explorations to Mount Rushmore, Deadwood, Custer State Park, the Badlands, and more. Rapid City’s robust local economy and abundant natural resources have proven attractive to a diverse group of industries. Taking advantage of extensive fossil and renewable energy resources, Midwestern utility and energy giant Black Hills Corporation chose Rapid City as its headquarters… South Dakota has no corporate or personal income tax, and when the Tax Foundation last measured overall state and local tax burdens in 2012, South Dakota’s ranked second-lowest, just behind oil-rich Alaska.
Offering Documents
Portfolio Location
