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Nine-Unit Apartment Building
For Sale
Contact for pricing
Pending

100 Cliff Ave, Valley Springs, SD 57068

Nine-unit multifamily property on a large lot with multiple recent exterior and interior updates.

Property SizeContact for details
Days on Market147

Property Features for 100 Cliff Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Cap Rate 8%
Multifamily Units 9
Listing Agency: Matt Mulder Group
Listed By: Wes Vis · License #SD 17872BA
Source: Crexi
Added: Apr 12 Changed: Aug 28 Last Checked: Aug 31 at 5:11PM

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 Matt Mulder Group

Investment Insights

Based on property information with market context.

This nine-unit apartment building offers a 9-plex configuration on a large lot. The property is described as very well taken care, with numerous updates reported, including many new egress windows, drain tile, deck, water heaters, and new exterior and interior paint, along with other improvements. The current income performance is presented as an 8% cap rate, and rents are described as having not been raised in years.

The property is located in Valley Springs, on the edge of town. The public remarks also note that vacancy rates are very low in the city of Valley Springs.

For buyers evaluating an income-producing multifamily asset, the combination of unit count, large-lot setting, and the stated list of building system and cosmetic updates may be helpful to review in person.

Key Highlights

  • 9‑plex multifamily property on a large lot in Valley Springs, on the edge of town
  • Updates include many new egress windows, drain tile, deck, and new exterior and interior paint
  • Water heaters replaced (multiple) as part of the recent upgrades

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop HVAC Service Daycare Center Tattoo & Piercing Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

45
Businesses Nearby

Demographics for 57068, SD

1,707
Population
647
Households
2.6
Avg Household Size
39
Median Age
28%
College-Educated
97%
High-School Grad
46.1 sq mi
ZIP Area
37
Density / Sq Mi
$107,222
Median Household Income
$53,343
Median Earnings
$1,096
Median Rent
$251,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Nine-unit multifamily property on a large lot with multiple recent exterior and interior updates.
Where is this apartment building located?
The property is located at 100 Cliff Ave Valley Springs, SD.
What are key features of this property?
This property features: 9‑plex multifamily property on a large lot in Valley Springs, on the edge of town; Updates include many new egress windows, drain tile, deck, and new exterior and interior paint; Water heaters replaced (multiple) as part of the recent upgrades
More about this property
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