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400 1st St

5 Unit Block of Flats £185,415 (£37,083/Unit) 10.72% Net Initial Yield Florence, SD 57235

Investment Highlights

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

Executive Summary

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.

Attachments

Marketing Brochure/Flyer

Property Facts

Price £185,415 Apartment Style Low Rise
Price Per Unit £37,083 Building Class C
Sale Type Investment Lot Size 0.29 AC
Net Initial Yield 10.72% Building Size 5,659 SF
No. Units 5 Number of Floors 3
Property Type Residential Year Built 1920
Property Subtype Apartment
Price £185,415
Price Per Unit £37,083
Sale Type Investment
Net Initial Yield 10.72%
No. Units 5
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.29 AC
Building Size 5,659 SF
Number of Floors 3
Year Built 1920
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PROPERTY TAXES

Parcel Number 004694 Improvements Assessment £70,143
Land Assessment £9,598 Total Assessment £79,741

PROPERTY TAXES

Parcel Number
004694
Land Assessment
£9,598
Improvements Assessment
£70,143
Total Assessment
£79,741
  • Joe Prins
    Joe Prins
  • Prins Real Estate
(605) 881-1142

  • Listing ID: 32768513

  • Date on Market: 12/08/2024

  • Last Updated:

  • Address: 400 1st St, Florence, SD 57235

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400 1st St
(605) 881-1142 x

400 1st St

Joe Prins

(605) 881-1142

(605) 881-1142

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