Skip main navigation
For sale by owner
  • Price cut: $20K (3/12)
    $215,000

    400 1st St, Florence, SD 57235

    6beds
    3,735sqft
    : 
    MultiFamily
    Built in 1920
    -- sqft lot
    $274,300 Zestimate®
    $58/sqft
    $-- HOA

    What's special

    Fresh exterior paintNew roofUpdated flooringNew decks
    Multifamily apartment located at 400 1st St Florence, SD 57235. For the Investor! This investment opportunity boasts a solid history of 100% occupancy with recent upgrades such as a new roof, fresh exterior paint, new decks, and updated flooring in most units. With desirable demographics and an impressive 11% Cap Rate, this property offers a strong addition to any portfolio at an attractive sale price of $235,000 The current rents and leasing terms promise stable income flow, presenting a favorable investment scenario. Interested investors can request a virtual tour and serious inquiries can schedule walk-throughs to witness the potential of this fully occupied and well-maintained property firsthand. Don't miss out on this prime opportunity to secure a steady income-generating asset in a great community!
    150 days
    on Zillow
    |
    337
    |
    8
    |
    Listed by:

    (605) 881-1142

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    • Full bathrooms: 5
    Features
    • Has fireplace: No
    Interior area
    • Total interior livable area: 3,735 sqft

    Property

    Lot
    • Size: 0.28 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • New construction: No
    • Year built: 1920

    Community & HOA

    Location
    • Region: Florence

    Financial & listing details

    • Price per square foot: $58/sqft
    • Date on market: 11/26/2024
    • Loading