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Est. payment | /mo
Key Details
Property Type Single Family Home, Residential Income
Sub Type Other
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 181121
HOA Y/N No
Year Built 1972
Lot Dimensions 1.947
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 Other
Zoning Unknown
Direction Heading east through Winner following US-18 E/US-183 S/S 18/Oyate Trl, Turn right onto E 7th St, Turn left onto Golden Pr Dr, Destination will be on the right
Interior
Heating Electric
Exterior
Parking Features On Street, Off Site
View Y/N No
View City
Garage No
Others
Listed byENGEL & VOELKERS BLACK HILLS, LLC