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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Under Contract
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 170198
Style 2 Story
Year Built 1979
Property Sub-Type Multiplex
Property Description
Frontier Apartments in Winner, SD is a 24-unit housing complex comprised of (3) 8-plex units. Each building has (1) ground level handicap accessible unit (not fully ADA compliant) that is 1 Bed / 1 Bath. The other 21 units are 2 Bed / 1 Bath units. Property is under the Rural Development Rural Housing Program Section 515 and is income-based and receives rental assistance. Basic rental rates: 1 Bed - $770 | 2 Bed - $785. Note Rates: 1 Bed - $908 | 2 Bed - $923. Coin operated laundry rooms in each building. Historically low vacancy rates. Property manager in place and open to continue to manage with a new owner, otherwise, new management may need Rural Development approval.
Location
State SD
County Other
Area Outside Black Hills
Zoning Unknown
Interior
Heating Electric
Cooling Wall
Exterior
Roof Type Composition
Building
Foundation Crawl Space
Sewer City
Water City
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Listed by ENGEL & VOELKERS BLACK HILLS, LLC