$900,000

Winner Residential Income

  • Updated: Today

About the Property

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 c
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 ~$55K 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, [hidden information] | [hidden information] for financial packet and showing arrangements.
  • Property type

    Other

  • Year built

    1972

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822 OTHER, Winner, South Dakota, United States View on Google Maps
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TARYN PIKE

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TARYN PIKE
United States
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1
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2024
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Engel & Völkers Rapid City
Engel & Völkers Rapid City
57701, Rapid City, United States
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Last updated
Today
First listed
September 22
Agent licence
#740967176202
Listing reference
181121
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