4-Plex Apartment Buildings, Elkton SD

403 BADGER ST SOLD FOR $205,000
111 BUFFALO ST SOLD FOR $200,000

FOR SALE – Two Newer 4-Plex Apartment Buildings in Elkton, SD

Excellent Investment Opportunity In The Strong Agricultural Community of Elkton, SD

Each property individually priced at $240,000 or $480,000 for Both

Here is an excellent investment opportunity with proven and steady income. These two apartment buildings are offered for sale separate, or together at the choice of the buyer. Both buildings have newer construction, built in the mid to late ’90’s and each building has over 5,800 total square feet. These nearly identical buildings each have 4, 2 bedroom units and include their own attached single car garage. The properties also have electric heat with LP option, and forced air cooling. These properties have both been well maintained and are in good condition, and each building is located on multiple combined city lots for lots of room and opportunities to any new buyer. Each tenant has a 1 year lease, and the two buildings combined have a 0% vacancy rate for 2014 & 2015! Don’t miss this chance for steady & proven income in the excellent community of Elkton, a demanded area with close proximity to Brookings, and many dairies, hog units & wind tower sites nearby in SD & MN.

Please call and inspect these properties at any time. For additional info., contact the Real Estate Firms.

Legal Description: Western Town Lots Company Addition, Lots 1-2-3-4, Block 12, 16,500 Sq. ft., & Subdivision of Blocks 14-26 & Outlots, Lots 1-2-3, Block 22, 24,750 Sq. ft, Brookings Co., Elkton SD.

TERMS: Buyer can elect to purchase 1 complex or both. Real Estate Taxes to be prorated to date of possession, with new county assessment to be assigned. Each unit has its own furnace & utilities meter.

Housing & Redevelopment Comm – Owners

 

       Burlage Peterson Auctioneers & Realtors                    Advantage Land Company

       Tyler Burlage & Lenny Burlage                                                     Jackson Hegerfeld, Megan Hammond

       Jim Peterson & Scott Peterson                                                      Laura Hegerfeld, Chuck Hegerfeld

       Brookings, SD 605-692-7102                                                         Brookings, SD 605-692-2525

       www.burlagepeterson.com                                                             www.advantagelandco.com