804 Winsor St Mitchell, SD 57301

This exceptional investment opportunity presents two well-maintained, three-story apartment buildings totaling 21,948 square feet on a spacious 2-acre lot in Mitchell, South Dakota. Built in 1965 and renovated in 2019, the property currently boasts 24 units with 100% occupancy, generating strong rental income. Each building offers ample parking, and the property's convenient location near local amenities, schools, and Mitchell's vibrant downtown area ensures high tenant demand and retention. The R-4 zoning allows for potential future expansion or upgrades, presenting a significant value-add opportunity for investors. The property's strong cash flow, combined with its potential for further modernization and increased rental income, makes it an attractive investment in a growing community. The asking price is $2,090,000, translating to $95.23 per square foot and $87,083.33 per unit. This multifamily complex offers a stable, income-generating asset with significant long-term potential. The property's recent updates maintain its appeal while providing a solid foundation for future growth. This is an ideal opportunity for investors seeking a reliable and profitable addition to their portfolio.