504 2Nd StAberdeen, SD 57401

For Sale
$169,000

Two-unit rental, 100% occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This Aberdeen, South Dakota multifamily investment opportunity presents a compelling case for owner-users or investors seeking a high return. Priced at $169,000, this two-unit property boasts a 5.86% cap rate and a strong net operating income (NOI) of $9,900, reflecting a 100% occupancy rate. Each unit is a one-bedroom, one-bathroom apartment, built in 1948, and individually priced at $84,500. Located at 504 N 2nd St, Aberdeen, SD 57401, this property offers a convenient location within Brown County. Tenants are responsible for their own electricity, minimizing operational expenses for the owner. Detailed rent rolls are available upon request with pre-approval. This is an excellent opportunity to acquire a stable, cash-flowing investment property in a desirable location. The property's strong performance and attractive price point make it an ideal addition to any portfolio. Don't miss this chance to secure a profitable investment in the thriving Aberdeen market.

Highlights

  • $169,000 asking price for a two-unit multifamily property in Aberdeen, SD.
  • 5.86% cap rate with a $9,900 annual Net Operating Income (NOI).
  • 100% occupancy.
  • Two single-family rental units, priced at $84,500 per unit.
  • Built in 1948.
  • Located at 504 N 2nd St, Aberdeen, SD 57401.

Property Details for 504 2Nd St

Property type
Multifamily properties, Residential income homes
Year Built
1948
Units
2

Location Insight

City
Aberdeen
County
Brown
State
South Dakota
Latitude
45.47075910805
Longitude
-98.490853065199
504 2Nd St, Aberdeen, South Dakota

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504 2Nd St
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