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    OFF-MARKET
    Commercial real estate

    415 Lincoln St, Aberdeen, SD 57401

    Built 1901
    Property ID
    US79-0680890
    Property summary
    AI-generated overview

    This charming 4-unit multifamily property, located at 415 N Lincoln St in Aberdeen, South Dakota, presents a compelling investment opportunity. Built in 1901, the building offers a blend of history and potential. The property is priced at $199,900. The unit breakdown includes three 2-room apartments and one 1-room apartment. Apartment 1 features window/wall air conditioning and tenants are responsible for electricity and heat; the owner pays for water. Apartment 2 also has window/wall air conditioning, with tenants responsible for electricity and heat, and the owner paying for water. Apartment 3 is a 1-room unit with window/wall air conditioning, and tenants responsible for electricity and heat; the owner pays for water. Finally, Apartment 4 is a 1-room unit where the owner covers electricity, heat, and water. This property is situated in Brown County, South Dakota, zip code 57401, offering investors a chance to capitalize on the Aberdeen market. The property's age and layout present opportunities for renovation and increased rental income. This is an ideal investment for those seeking a hands-on approach to property management or a strong addition to an existing portfolio. The property's location and historical character offer unique appeal to potential tenants. Further due diligence is recommended to fully assess the investment potential.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1901
    UPID US79-0680890
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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