504 2Nd StAberdeen, SD 57401
- Investment properties
Property Details for 504 2Nd St
- Year built
- 1948
- Property type
- Investment properties
- Property subtype
- Multifamily properties
Description
This Aberdeen, South Dakota multifamily investment opportunity presents a compelling case for owner-users or investors seeking a high return. Priced at $169,000, this two-unit property boasts a 5.86% cap rate and a strong net operating income (NOI) of $9,900, reflecting a 100% occupancy rate. Each unit is a one-bedroom, one-bathroom apartment, built in 1948, and individually priced at $84,500. Located at 504 N 2nd St, Aberdeen, SD 57401, this property offers a convenient location within Brown County. Tenants are responsible for their own electricity, minimizing operational expenses for the owner. Detailed rent rolls are available upon request with pre-approval. This is an excellent opportunity to acquire a stable, cash-flowing investment property in a desirable location. The property's strong performance and attractive price point make it an ideal addition to any portfolio. Don't miss this chance to secure a profitable investment in the thriving Aberdeen market.
Location Insight
- City
- Aberdeen
- County
- Brown
- State
- South Dakota
- Latitude
- 45.4708
- Longitude
- -98.4909
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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