South Dakota Apartment Buildings for Sale

18 properties available.
25 photos
Avon, SD 57315

Multi-Family

$249,0003,922 SF

NORTH VUE MOTEL Great opportunity to own a successful commercial property in a small rural town . This property consist of a 2 bedroom, single bathroom home, connected to a 10 unit motel complex; 5 mobile homes are included with solid rental income history. Property also includes a public laundromat, RV hookups, and highway frontage real estate.

1 photo
Mobridge, SD 57601

Multi-Family

$1,300,00023,844 SF

Unit mix includes two buildings which together have 23,844 sq. ft. and contain twenty-five 2-bedroom units, five 1-bedroom units and three efficiency units, two of which are fully furnished and the third is currently used an office. Each unit has own off-street parking space on hard surfaced parking lot, plus ample on-street parking available. Recent updates include new water heater, new carpet and LED lighting in hallways and new flooring in laundry room. Landlord in process of updating apartments; a handful already complete, including appliances, flooring, walls and bathroom fixtures. Tenants is responsible for electric and cable. Landlord is responsible for heat, water, sewer, garbage, snow removal and lawn care. 8' X 28' (224 sq. ft.) storage shed included. Common laundry room in each building. Built in 1965 (Riverview) and 1967 (Riverside).

6 photos
Yankton, SD 57078

Multi-Family

$215,0009,342 SF

This property is currently vacant and needs some work but has tons of potential! 19 unit complex consists of 3 two bedroom units, 2 efficiency apartments and 14 one bedroom apartments, also included is a 5 stall garage. Being sold AS IS . ~~ Owner open to joint ventures, possible partnership via LLC, WILL consider ""trades"" ~~recent improvements include: : Flat roof has rubber membrane just resealed in 2014 also new gutters with open- face downspouts, new concrete parapet and cap, tuck-pointing, new front steps on Mulberry.

8 photos
Murdo, SD 57559

Multi-Family

$260,0006,704 SF

Great investment opportunity in Murdo, SD. 8 unit town home. Each unit is separately metered for electric. 7 units are 2 bedroom 1 bathroom. 1 unit is 1 bedroom and 1 bathroom. Off street tenant parking. Large .48 acre lot. "As is" sale. Absent owner.

9 photos
Rapid City, SD 57701

Multi-Family

$12,000,000177,680 SF

Centrally located property in the heart of Rapid City, South Dakota with great access to commercial services and just south of Interstate 90. Excellent value add opportunity - rents have not been raised in over 17 years! Cap rate shown is based on owner proforma after rents are increased to market, current cap rate is 5.8% based on trailing 12 months. 244 Units, unit mix consists of one bedroom, two bedroom and three bedroom apartments. Property sits on approximately 11.2 acres of land. 104 units built in 1974, 70 units built in 1978, remaining 70 units built in 1984. 68 garage stalls - 401 parking spots - 3 story buildings. Full financials and rent roll available with signed confidentiality agreement.

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Sturgis, SD 57785

Multi-Family

$399,9503,744 SF

20 Rental Rooms + 32 Tent Sites - Fantastic Return! Boasting 9 bedrooms, a bathroom and a full kitchen upstairs, the home has 5 additional bedrooms, a bunk room and two full bathrooms downstairs. The downstairs also has a laundry and mechanical room. With a variety of room styles and bed sizes, this is a continuous year-round opportunity for any landlord or entrepreneur. Just off the side of the home sits the garage which has been converted into a 3 bedroom unit with a kitchenette. The cottage sits just adjacent the garage and is a single unit suite that can change from a one bedroom to a two bedroom with a bathroom and full kitchen. Rooms rent for $1200 each, tents are $35/person/night. Own this amazing investment opportunity today!

9 photos
Huron, SD 57399

Multi-Family

$725,00064,000 SF

Built in 1971. Lots size: 64,000 sq. ft. 24 one-bedroom, one-bath units. 24 efficiency one-bath units. Exited Section 8 program in 2008. Ample parking with parking lots and off street parking. New vinyl siding in 1999. Roof replaced between 1990 and 1994. Landlord pays utilities. Laundry facility in each building.

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Whitewood, SD 57793

Multi-Family

$190,0001,850 SF

Out of town in a country setting is a three bedroom one bath home on 2.62 acres. Two detached garages give you plenty of room for storage. Use your imagination for the other outbuildings including a greenhouse. Lots of possibilities for this property and surrounding views make you forget your only minutes from town.

22 photos
Sioux Falls, SD 57105

Multi-Family

Price Upon Req.568,832 SF

Lloyd Companies is proud to present the Valley West Apartments located in Sioux Falls, South Dakota. Valley West consists of 64 units with a unit mix of one-bedroom one-bath and two-bedroom one-bath units. The site is approximately 4.09 acres with 8 apartment buildings built in 1975 & 1976 with adequate surface parking. Price: $2,240,000 Number of Units: 64 Price / Unit: $35,000 New Rubber Membrane Roofs (Replaced within last two years) on the 8 Apartment Buildings See Attached Marketing Flyer For More Information Property Financials & Rent Rolls - Available Upon Request (See Attached Non-Disclosure Agreement) Cap Rate is based on 2015 Projections

22 photos
Spearfish, SD 57783

Multi-Family

$188,500Size Upon Req.

Nice 3 bedroom, 1 bath home close to downtown and BHSU. This home has had the windows replaced in 2012, renovated laundry room and pantry in 2014, new tankless water heater in 2014, new flooring in kitchen and dining in 2015.

South Dakota Apartment Buildings for Sale

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