For Sale
$1,285,000

505 Washington StAberdeen, SD 57401

14-Unit Apartment Building, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 14-unit apartment building presents a compelling investment opportunity in Aberdeen, South Dakota. Located at 505 S Washington St, this two-story property, built in 1971, sits on a 0.32-acre lot and boasts a current occupancy rate of 100%, generating a substantial net operating income (NOI) of $109,678. The building comprises a mix of one- and two-bedroom units, complemented by two larger suites—one with four bedrooms and the other with five. This diverse unit mix caters to a broad range of tenants, ensuring consistent rental income. The property's strong performance is further enhanced by the convenience of off-street parking. The asking price for this turnkey investment is $1,285,000. This represents a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a stable market. The property's strong cash flow and high occupancy make it an attractive investment for both seasoned and new investors seeking a reliable income stream. Detailed financial statements are available upon request. This property is situated in Brown County, South Dakota, with the precise location coordinates being latitude 45.45961704412774 and longitude -98.48517386978949, and zip code 57401. The property offers a significant return on investment and is ready for immediate income generation.

Highlights

  • $1,285,000 asking price.
  • 14-unit apartment building in Aberdeen, SD.
  • 100% occupancy, generating $109,678 NOI.
  • Built in 1971, two-story building on a 0.32-acre lot.
  • Mix of one- and two-bedroom units, plus two large suites (four and five bedrooms).
  • Off-street parking.

Property Details for 505 Washington St

Property type
Apartment buildings
Year Built
1971
Buildings
1
Stories
2
Lot Size (sq. ft)
13,939 SF

Location Insight

City
Aberdeen
County
Brown
State
South Dakota
Latitude
45.459617044128
Longitude
-98.485173869789
505 Washington St, Aberdeen, South Dakota

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505 Washington St
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