Section 8 Multifamily Apartment
101 Center Ave Philip, SD 57567
For Sale
Contact for pricing
Pending
Includes sixteen one-bedroom units and three commercial spaces with 100% project-based Section 8 coverage.
Property Size16,596 SF
Days on Market250
Property Features for 101 Center Ave
General Information
- Standard status
- Pending
- Size
- 16,596 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1927
Listing Agency:
Brooks Commercial Real Estate
Listed By:
Jeff Brooks · License #12173
Source:
Crexi
Added: Nov 16, 2025
Changed: Jul 23
Last Checked: Jul 24 at 10:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brooks Commercial Real Estate
Investment Insights
Based on property information with market context.
This apartment building for sale includes sixteen one-bedroom, one-bath units and three commercial spaces. Unit amenities include stoves, refrigerators, air conditioners, electric baseboard heat, and carpet/vinyl floor coverings. Building amenities feature a community room, a main floor laundry room, an elevator, an onsite property management office, and off-street parking. Parking lot is included in the sale.
The property is described as an elderly Section 8 (HAP contract) building with 100% project-based rental subsidy coverage for 16 units. The Section 8 contract is listed as SD99-H001-070, with a term of 20 years expiring May 31, 2040, and a stated renewal option (Option 4). Management Occupancy Review is noted as above-average (July 2025).
Owner responsibilities are listed as electric, water, sewer, trash removal, repairs/maintenance, and snow removal. Tenant responsibilities are listed as phone, cable, and internet. Three commercial tenants are identified with monthly rents provided in the remarks.
The property is described as an elderly Section 8 (HAP contract) building with 100% project-based rental subsidy coverage for 16 units. The Section 8 contract is listed as SD99-H001-070, with a term of 20 years expiring May 31, 2040, and a stated renewal option (Option 4). Management Occupancy Review is noted as above-average (July 2025).
Owner responsibilities are listed as electric, water, sewer, trash removal, repairs/maintenance, and snow removal. Tenant responsibilities are listed as phone, cable, and internet. Three commercial tenants are identified with monthly rents provided in the remarks.
Key Highlights
- HUD Section 8 (HAP Contract) property in Philip, SD with 100% project‑based subsidy covering 16 units (100%).
- Unit mix includes sixteen 1‑bedroom/1‑bath units and three commercial spaces.
- Section 8 contract #: SD99‑H001‑070; 20‑year term with expiration May 31, 2040 and renewal option (Option 4).
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Includes sixteen one-bedroom units and three commercial spaces with 100% project-based Section 8 coverage.
Where is this apartment building located?
The property is located at 101 Center Ave Philip, SD.
What are key features of this property?
This property features: HUD Section 8 (HAP Contract) property in Philip, SD with 100% project‑based subsidy covering 16 units (100%).; Unit mix includes sixteen 1‑bedroom/1‑bath units and three commercial spaces.; Section 8 contract #: SD99‑H001‑070; 20‑year term with expiration May 31, 2040 and renewal option (Option 4).
