509 N 5th Street Beresford, SD 57004

Building Details

Year Built

1974

Listing agency NAI Sioux Falls m***@naisiouxfalls.com Show Phone

Listed by Marcus Benson

Source Commercialcafe

Added: May 14 Updated: Jul 21 at 6:45PM Checked: Jul 21 at 6:45PM

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Investment Insights

Based on property information with market context.

This fully leased eightplex apartment complex includes eight units in a two-story configuration, offering shared common area laundry. The property includes four garage stalls, and it is currently operating at 100% occupancy. Built in 1974, the building has undergone recent renovations including a new roof, exterior paint, new common area flooring, and painted siding.

The complex is located just a mile east of Interstate 29 in a quiet residential area. It is within commuting distance to Sioux Falls and Vermillion, and it is surrounded by a mix of local and national businesses, including Subway, Hot Stuff Pizza, Cream & Sugar coffee shop, and Bertz Sports Bar and Grill, among others.

Owner pays water and sewage, while tenants pay electric.

Key Highlights

• Fully leased eight‑plex (8 units) in a two‑story building totaling 7,258 SF
• 100% occupancy with APOD available; owner reports fully leased status
• Four garage stalls and on‑site common area laundry for residents

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FAQs

What type of property is this?

Apartment building - Fully leased two-story eightplex with on-site common area laundry, four garage stalls, and recent exterior renovations.

Where is this apartment building located?

The property is located at 509 N 5th Street Beresford, SD.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: Fully leased eight‑plex (8 units) in a two‑story building totaling 7,258 SF; 100% occupancy with APOD available; owner reports fully leased status; Four garage stalls and on‑site common area laundry for residents