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$ 1,125,000
Est. payment | /mo
529 SqFt
$ 1,125,000
Est. payment | /mo
529 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 529 sqft
Price per Sqft $2,126
Subdivision Van Eps Addn
MLS Listing ID 22506187
Year Built 1977
Property Sub-Type Other
Property Description
Attention investors! 14-plex all on one level complete with common area lobby and off-street parking! All units are 1 bed / 1 bath. No stairs in this mostly brick building. Enjoy the ease and efficiency of owning 14 ground-level apartments in one structure! Property is currently enrolled in HUD Section 8 Senior (62+) income assistance program and will be 100% occupied as of Sept 1st. HUD has increased rents annually to the current level of $793 per month. Landlord currently pays all utilities. Coin operated laundry. New roof in 2017. Current owner has been updating flooring in units as tenancy allows. No for sale sign on property. Buyer agrees to comply with a possible 1031 exchange. Seller prefers to close after Jan 1st, 2026.
Location
State SD
County Minnehaha
Area Sfc005
Rooms
Basement None
Interior
Heating Hot Water, Natural Gas
Flooring Carpet, Vinyl, Laminate
Exterior
Exterior Feature Part Brick, Metal/Vinyl
Roof Type Shingle Composition
Building
Foundation Slab-on-Grade
Sewer City Sewer
Water City Water
Schools
Elementary Schools Susan B Anthony Es
Middle Schools Patrick Henry Ms
High Schools Lincoln Hs
School District Sioux Falls
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LIsted by The Experience Real Estate • Clay Wilhelm
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "