57069, SD Vermillion, 1026-1116 Cornell

General 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.

Legal: 1026/1028 -LOT G OF LOT 13 COLLINS-15180-00000-130-15, 1032/1034 -LOT F OF LOT 13 COLLINS-15180-00000-130-12, 1106/1108 -LOT E OF LOT 13 COLLINS-15180-00000-130-09, 1114/1116 -LOT D OF LOT 13 COLLINS-15180-00000-130-00 CITY OF VERMILLION, CLAY COUNTY, SD