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1026-1116 Cornell, 
Vermillion, SD 57069

$3,500,000


Bed


Bath


3,744

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Lori Whitman

Maloney Real Estate

605-624-3333

Last updated:

October 9, 2025, 03:21 PM

MLS#

830378

Source:

IA GSCBOR

About This Home

1026-1116 Cornell

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.

Home Facts

Multi-Family

Built in 2005

Price Summary

3,500,000

$934 per Sq. Ft.

MLS #:

830378

Last Updated:

October 9, 2025, 03:21 PM

Added:

19 day(s) ago


Rooms & Interior

Interior

Living Area:

3,744 Sq. Ft.


Structure

Structure

Building Area:

3,744 Sq. Ft.

Year Built:

2005


Lot

Lot Size (Sq. Ft):

68,389


Finances & Disclosures

Finances

Price:

$3,500,000

Price per Sq. Ft:

$934 per Sq. Ft.

Source:IA GSCBOR
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