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Off market
  • $405,000

    101 E 5th St, Freeman, SD 57029

    --beds
    1baths
    5,016sqft
    Other
    Built in 1952
    -- sqft lot
    $405,000 Zestimate®
    $81/sqft
    $889 Estimated rent

    Home value

    $405,000

    $352,000 - $462,000

    $889/mo

    Zestimate® history
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    $889/mo

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    $889/mo

    Rent Zestimate®

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    $2,090/mo

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    $2,090/mo

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    What's special

    THIS 8 UNIT TWO STORY APARTMENT HOUSE IS A MONEY-MAKER WITH A GREAT CAP RATE!! ALL UNITS HAVE BEEN UPDATED/REMODELED WITH A SECURITY SYSTEM TO MONITOR THE UNITS. ROOF COMPLETELY REPLACED IN 2014. & NEW SIDEWALKS IN 2019. THE HUSBAND/WIFE OWNERS/MANAGERS HAVE GOOD TENANTS. THREE UNITS ARE HANDICAPPED ASSISTED. THESE UNITS & COMMON AREAS ARE CLEAN & WELL-MAINTAINED. 7 GARAGES & ONE CARPORT WITH EXTRA STORAGE SPACE. THIS PROPERTY IS LOCATED ON FREEMAN MAIN STREET WITH RETAIL & SERVICES WITHIN EASY WALKING DISTANCE. GREAT POTENTIAL TO INCREASE THE RENTAL INCOME BY REMODELING AN UNFINISHED 36.5' X 35' ENCLOSED SPACE ON THE 2ND FLOOR MAKING IT A 2-3 BEDROOM UNIT OR 2 SMALLER 1 BEDROOM UNITS. MORE AMENITIES CAN BE ADDED TO ATTRACT TENANTS. TENANTS PAY FOR OWN ELECTRIC & HEAT!! THE OWNERS ARE WILLING TO SHARE THEIR BUSINESS RECORDS TO POTENTIAL BUYERS.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 1
    Heating
    • Baseboard
    Cooling
    • Central
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Tile, Carpet, Concrete
    • Furnished: Yes
    Interior area
    • Total interior livable area: 5,016 sqft

    Property

    Parking
    • Parking features: Garage - Detached
    Features
    • Exterior features: Brick, Cement / Concrete
    Lot
    • Size: 0.33 Acres
    Details
    • Parcel number: 2401223W75

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Other
    Condition
    • Year built: 1952

    Utilities & green energy

    • Sewer: City Sewer

    Community & neighborhood

    Location
    • Region: Freeman

    Other

    Other facts
    • Sale/Rent: For Sale
    • Status: Active
    • Air Conditioning: Central Electric
    • Appliances: Oven/Range, Refrigerator, Some Units
    • Entrance: Private, More than one per Unit
    • Floors: Carpet, Tile, Ceramic, Concrete, Laminate
    • Foundation: Block
    • Misc Info: Separate Meters
    • Roof: Other
    • Sewer: City Sewer
    • Type Tenancy: Month to month, One Year Lease
    • Water: City Water
    • Parking: Garage Detached
    • Unit Features: Carpets, Some Units, Window Covering, Common Utility Rm, Furnished
    • Utility Included in Rent: Water, Trash Collection, Sewer, All Units, Snow Removal
    • Bedroom Varies By Unit: Yes
    • Property Subtype: Other
    • Exterior: Part Brick, Concrete Block
    • Heating: Baseboard
    • Baths Varies By Unit: Yes
    • Class: MULTI-FAMILY
    • Legal Description: W1/2 OL 23 OUTLOT ADDN. & N.41' W1/2 OL 48, OUTLOT
    • Parcel ID #: 240.12.23.W75 & 240.12.48.W75

    Price history

    DateEventPrice
    10/20/2020Listing removed$320,000$64/sqft
    Source: Roth Realty, LLC #21907182 Report a problem
    9/18/2020Listed for sale$320,000+8.5%$64/sqft
    Source: Roth Realty, LLC #21907182 Report a problem
    1/7/2020Sold$295,000$59/sqft
    Source: Realtor Association of the Sioux Empire #21907182 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,037 $228,680 +14%
    2024-- $200,530 +21.7%
    2023-- $164,790 +28.9%

    Find assessor info on the county website

    Neighborhood: 57029

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Freeman ES
    • Middle: Freeman JHS
    • High: Freeman HS
    • District: Freeman

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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