Property Listing No Longer Available for Sale

812 Canyon Avenue, Garretson, SD

Multi-family for Sale - $395,000 - 6,396 Sq. Ft. on 0.31 acres


Property Info

CIMLS#969145
Location
  812 Canyon Avenue
  Garretson SD 57030
UpdatedNovember 28th, 2017
TypeMulti-family
Price$395,000
Building6,396 Sq. Ft.
Land0.31 acres

Property Description

The Canyon Ridge Apartments, located in Garretson, SD were built in 1976 and renovated in 2004. The property consists of one (1) one-bedroom, one-bathroom unit and seven (7) two-bedroom, one-bathroom units. Unit features include fully-equipped kitchens, vinyl flooring in the bathrooms and kitchens, through-the-wall air conditioners and electric baseboard heat. Common area amenities include on-site laundry facilities and off-street parking.

Property was remodeled in 2004. Remodel included new shingles, new gutters and downspouts, new windows, new kitchen cabinets and counter tops, new flooring, paint and new entrance doors.

The Canyon Ridge Apartments were developed under the USDA Rural Development (Section 515) program. The property will be exiting the USDA Rural Development program in early November 2017 and current tenants in the building will all receive housing vouchers. Please contact listing broker for further details.

Location Description:

Garretson, SD is located in Minnehaha County and has a population estimated at 1,201 (2015 census). Garretson is just a few miles north of I-90 in Southeastern South Dakota and just 35 minutes from Sioux Falls, SD (South Dakota's largest city).

Highlights:

>> Property is comprised of one (1) one-bedroom, one-bath unit and seven (7) two-bedroom, one-bath units

>> Tenants pay for electric, cable, internet and phone.

>> Landlord pays for water, sewer, trash removal, repairs and grounds.

>> Through the wall air conditioning and electric baseboard heat.

>> Common area laundry facilities. Off-street parking.

>> Property is owned by a licensed South Dakota Real Estate Broker.


Financials