804 Winsor StMitchell, SD 57301

Property Details for 804 Winsor St

Year built

1965

Lot size

1.00 AC

Property size (Sq ft)

10,974 SF

Property type

Commercial real estate

APN

15310-00300-008-00

APU

153100030000800

Description

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.

Location Insight

City

Mitchell

County

Davison

State

South Dakota

Latitude

43.7171

Longitude

-98.0148

CBSA code

33580

CBSA name

MITCHELL, SD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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