804 Winsor St Mitchell, SD 57301-2194
- Commercial real estate
- 10,974 SF
- 1.00 lot acres
Current Use by Public Records
- Winsor Apartments / Apartment Building
Property Details for 804 Winsor St
- Year built
- 1965
- Lot size
- 1.00 lot acres
- Property size
- 10,974 SF
- Property type
- Commercial real estate
- APN
- 15310-00300-008-00
- APU
- 153100030000800
Description
This exceptional investment opportunity presents two well-maintained, three-story apartment buildings totaling 21,948 square feet on a spacious 2-acre lot in Mitchell, South Dakota. Built in 1965 and renovated in 2019, the property currently boasts 24 units with 100% occupancy, generating strong rental income. Each building offers ample parking, and the property's convenient location near local amenities, schools, and Mitchell's vibrant downtown area ensures high tenant demand and retention. The R-4 zoning allows for potential future expansion or upgrades, presenting a significant value-add opportunity for investors. The property's strong cash flow, combined with its potential for further modernization and increased rental income, makes it an attractive investment in a growing community. The asking price is $2,090,000, translating to $95.23 per square foot and $87,083.33 per unit. This multifamily complex offers a stable, income-generating asset with significant long-term potential. The property's recent updates maintain its appeal while providing a solid foundation for future growth. This is an ideal opportunity for investors seeking a reliable and profitable addition to their portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $370,000
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Location Insight
- Map
- Local Demand
- City
- Mitchell
- County
- Davison
- State
- South Dakota
- Longitude
- -98.0148
- Latitude
- 43.7171
- CBSA code
- 33580
- CBSA name
- MITCHELL, SD MICROPOLITAN STATISTICAL AREA
