Sioux Falls Commercial Real Estate

Income

Under Contract

Brentwood Apartments

Click for larger image
1010 W. 7th Street & 1011 W. 8th Street
Mitchell, SD

Space Available: 34 Units

For Sale: $865,000

Property Description

  • Five individual buildings housing a total of 34 units for families, elderly and handicapped.
  • Unit mix includes:
    14 one-bedroom units
    11 two-bedroom units
    9 three-bedroom units
  • Two units are handicap accessible with roll-up kitchen and bathroom sinks, roll-in showers, and open cabinets.
  • Separately metered utilities.
  • Through the wall air-conditioning.
  • Electric baseboard heat.
  • Landlord pays water, sewer & garbage.
  • Rental subsidy. Section 8.
  • 94B REA Score (10-21-02).
  • Ten year ownership/potential LIHTC.
  • Strong financial performance.
  • Playground.
  • Off-street parking.
  • Laundry facilities on site.
  • Close to Mitchell Middle School.
  • Mitchell is located approximately 75 miles west of Sioux Falls and has a population of more than 14,550.

Brokers

Jeff Brooks

Jeff joins NAI Sioux Falls after acquiring experience in the banking, sales and property management fields. Most recently, Jeff worked as a Regional Property Manager for a large property management company located in Sioux Falls, SD.

Learn more about Jeff