Florence 5 Plex | FOR SALE
$215,000
400 1st Street, Florence, SD 57235
For Sale
Multifamily
Duplex / Triplex / Fourplex
Active
Last Updated: 03/24/2025
9.4
Cap Rate
22,079
NOI
Details:
Cap Rate: 9.4%
NOI: $22,079
Building Size: 3,735 sqft
Lot Area: 12,408 sqft
Units: 5
Year Built: 1920
Price Per Sqft: $62.92
Year Last Renovated: 2024
Description:
Property is at 100% occupancy and has been that way for years, with the exception of improvements being performed.
Recent improvements include new Roof, fresh exterior paint, all new decks, new ooring in most of the units.
With inventory as low as it is, this is a great opportunity to add to your portfolio.
10% Cap Rate.
Virtual tour can be provided but walk-throughs will be reserved for serious investors only.
Documents:
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Offering Memorandum
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* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
