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101 E 5th St
Freeman, SD 57029
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Building Size | 11,250 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1952 |
| Building Class | C | Parking Ratio | 0.62/1,000 SF |
| Lot Size | 0.33 AC | ||
| Zoning | Multi-Family | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 11,250 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 0.62/1,000 SF |
| Zoning | Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Range
- Tub/Shower
- Handrails
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Security System
- Maintenance on site
ABOUT 101 E 5TH ST , FREEMAN, SD 57029
Excellent & profitable investment opportunity located in Freeman, SD. Former Freeman Motel renovated into 8+ apartments. This is a well maintained building currently consisting of 8 units, (4 - 1 beds & 4 - 2 beds), 6 have been completely refinished from the studs including electrical, plumbing, ceramic flooring, carpeting, new cabinets & bathrooms. 2 apartments with long term tenants have not yet been updated. Upper level has coin operated laundry; all lower levels have W/D hookups in each unit. Upper level also has a 32x37 gutted area that could be used to expand into a larger 3 bed, or 2 smaller units. Lower level has a large lobby area, hot tub room & 23x20 maintenance/storage area. All common areas are ceramic tiled. Exterior is cinder block overlaid with brick on 3 sides, and a new metal roof. There are 6 single garages, 1 double garage with additional storage space/workbench & 1 carport. Financials available to qualified buyers or with bank letter for down payment for CFD.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $216,940 | |
| Land Assessment | $0 | Total Assessment | $216,940 |
PROPERTY TAXES
