822 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 ~$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, | for financial packet and showing arrangements.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $900,000 |
| Year Built: | 1972 |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-EV-181121
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