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$ 900,000
Est. payment | /mo
$ 900,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 181121
Year Built 1972
Property Sub-Type Other
Property Description
Multi-family investment opportunity in Winner, South Dakota. Presidential Square Apartments offers a 36-unit portfolio spanning three buildings on a 2 acre lot with off-street parking. Featuring 35 rentable residential units + 1 dedicated unit for a leasing office (can be converted back to a studio unit), this property represents a dominant housing asset offered at a fraction of modern ground-up construction costs. The portfolio delivers immediate, dependable cash flow backed by a 2026 run-rate Net Operating Income of ~$42K across 21 currently paying units. Each building has (8) studio apartments and (4) 1-bedroom apartments, some furnished. Each unit is separately metered for electric, the owner currently pays city water/sewer/sanitation & propane (for water heater). Apartments all have individual PTAC units with wall thermostats. Coin-operated laundry in each building. Positioned in the regional trade center of Tripp County, adjacent to local grocery/retail stores, hospital and schools. Buyer to verify all square footage, utility metering, and unit conditions during due diligence. Contact Taryn Pike, 605.840.0385 | tarynpike1@gmail.com for financial packet and showing arrangements.
Location
State SD
County Other
Area Outside Black Hills
Zoning Unknown
Interior
Heating Electric
Cooling Mini Split
Exterior
Roof Type Other (See Remarks)
Building
Foundation Other (See Remarks)
Sewer City (at site)
Water City (at site)
Listed by ENGEL & VOELKERS BLACK HILLS, LLC
NEARBY SCHOOL & PROPERTIES
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