Sioux Falls Commercial Real Estate

Multi-Family

Valentine Apartments

Click for larger image
521 W 3rd Street
Valentine, NE

Space Available: 24 Units

For Sale: $360,000

Property Description

  • Twenty-four one bedroom, one bath units.
  • Cap Rate is 8.33%
  • Rental subsidy. HUD Section 8.
  • HUD Section 8 HAP contract expires April 30, 2009.
  • 24 units under HUD Section 8 HAP contract.
  • Balance in Replacement Reserve Account transfers to buyer at closing.
  • Property Management in place.
  • Off-street parking.
  • Through the wall air conditioning.
  • Electric baseboard heat.
  • Landlord pays all utilities
  • Laundry facilities available on both levels in each building.
  • Stove, refrigerator and range hood provided in all units.
  • Mini-blinds in all units.
  • Valentine is located in north central Nebraska and is the center of a diverse region of quiet lakes and a national forest. Population is 2,820 residents.
  • Financials will be provided to qualified buyers upon request.

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