For Sale
Florence 5 Plex
400 1st St | Florence, SD 57235-2101, US
price$215,000
property typeCommercial Sale
year built1920
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
details
STATUSActive
SALE PRICE PER UNIT$215,000
YEAR BUILT1920
PROPERTY TYPECommercial Sale
BUILDING SIZE3,735 SF
LOT SIZE0.2848 acres
CAP RATE10.55%
SALE PRICE$215,000
STORIES3
OCCUPANCY %100%
DAYS ON MARKET593
property
description
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.
location
description
400 1st St | Florence, SD 57235-2101, US
Rare 5-plex in peaceful town of Florence. Most tenants prefer the quiet community and lower rents and then commute to Watertown.
Joe Prins
SD #20881
(605) 881-1142