400 1st St - Apartments FOR SALE


Florence, SD 57235
$235,000 USD
605-881-1142
400 1st St, Florence, SD for Sale
$235,000 USD
Apartments - FOR SALE
1/2
null | 10.72% Cap Rate

400 1st St
Florence, SD 57235


HIGHLIGHTS

  • Many new improvements including new decks, new roof, all new exterior paint, new interior paint and flooring in most of the units.
  • 100% occupancy rate
  • 10% Cap Rate
  • Only $50,000 per unit

OVERVIEW

Property is at 100% occupancy and has been that way for years, with the exception of improvements being performed. Recent improvements include new Roof, fresh exterior paint, all new decks, new flooring in most of the units. With inventory as low as it is, this is a great opportunity to add to your portfolio. 10% Cap Rate. Virtual tour can be provided but walk-throughs will be reserved for serious investors only.

FOR SALE DETAILS

PRICE

$235,000 USD

PRICE/SF

$42 USD /SF

# OF UNITS

5

PRICE/UNIT

$47,000

CAP RATE

10.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

-

APN/PARCEL ID

004694

ASK ABOUT THIS PROPERTY

Joe PrinsPrins Real EstateMore Info
605-881-1142

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Joe PrinsPrins Real EstateMore Info
605-881-1142

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.