Commercial Listing

For Sale

Florence 5 Plex

400 1st St, Florence, SD 57235
$215,000

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.

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 $43,000 per unit

Property type
Multifamily
Building size
3,735 SF GBA
Lot size
0.2848 acres
Year built
1920
Floors
3
Occupancy
100%
Cap rate
10.55%
NOI
$22,679