For Sale
$129,900

1207 1St StAberdeen, SD 57401

Two-unit rental, 100% occupancy, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a charming two-unit duplex located at 1207 S 1st St, Aberdeen, SD 57401, in Brown County. Built in 1925, this property boasts a 9.47% capitalization rate and a current Net Operating Income (NOI) of $12,297, making it an attractive addition to any portfolio. Currently operating at 100% occupancy, each unit is priced at $64,950, with an overall asking price of $129,900. The property features hardwood flooring, adding to its classic appeal. This duplex presents a unique opportunity for investors seeking immediate cash flow and potential for future appreciation. The property's location in Aberdeen, South Dakota offers a stable rental market. This is a turnkey investment ready for immediate income generation. The property's strong performance metrics and desirable features make it an ideal choice for both seasoned and new investors looking to expand their real estate holdings. Don't miss this chance to acquire a well-maintained, high-performing multifamily property in a desirable location.

Highlights

  • $129,900 asking price for a two-unit multifamily property in Aberdeen, SD.
  • 9.47% cap rate with a $12,297 annual net operating income (NOI).
  • 100% occupancy.
  • Two units, priced at $64,950 per unit.
  • Built in 1925.
  • Located at 1207 S 1st St, Aberdeen, SD 57401.

Property Details for 1207 1St St

Property type
Residential income homes
Year Built
1925
Units
2

Location Insight

City
Aberdeen
County
Brown
State
South Dakota
Latitude
45.452398840759
Longitude
-98.489545199038
1207 1St St, Aberdeen, South Dakota

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1207 1St St
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