FOR SALE BY OWNER
Get Pre-Approved for Your Home Loan
Complete the form below to get pre-approved for your home loan. This will help you understand your budget and show sellers you're a serious buyer.
124 W 7th Ave, Mitchell, SD 57301
124 W 7th Ave, Mitchell, SD 57301, Mitchell, SD 57301
$425,000
$85/sq ft
9 Beds
9.0 Baths
5,000 Sq Ft
FSBO-MLS.com Protection
All inquiries and showings are handled securely through our platform.
About This Property
Investor Opportunity – Fully Occupied 9-Unit Apartment Building
Excellent opportunity to acquire a well-maintained 9-unit apartment building in Mitchell, SD. This fully occupied property offers stable rental income, numerous capital improvements, and strong long-term investment potential.
The building has been extensively updated over the years, including a new electrical service and panel upgrade, rewiring, water heater upgrade, HVAC maintenance, sewer line cleanout, interior painting throughout, cabinet refinishing, sheetrock repairs, stairway repairs, plumbing updates, and other improvements that reduce deferred maintenance.
Property Features:
9 residential units
Fully occupied
Strong rental history
Consistent cash-flowing investment
Recent major capital improvements
Well-maintained property
Opportunity for future rental growth
Financial documentation, including current rent rolls, operating expenses, unit breakdown, and capital improvement records, is available for qualified buyers upon request.
Whether you're looking to expand your multifamily portfolio or purchase your first apartment building, this property offers immediate income with room for future appreciation.
Serious inquiries only. Contact for additional information or to schedule a private showing.
Property Type
Multi Family
Year Built
1918
Lot Size
1.54 Acres
Heating
Electric; Gas
Cooling
Central
Features & Amenities
Interior Features
- Central
- Electric
- Gas
- Off-street
- Partially finished
- Stucco
Parking & Garage
- Carport
Property Owner
PO
Property Owner
Property Owner
Schedule a Showing
Get Pre-Approved for Your Home Loan
Complete the form below to get pre-approved for your home loan. This will help you understand your budget and show sellers you're a serious buyer.
Mortgage Calculator
$
$
%
%
$
$
$
Estimated Monthly Payment
$2,787
Payment Breakdown
Principal & Interest
$2,262
Property Tax
$425
Home Insurance
$100
HOA Fees
$0
Loan Amount
$340,000
Total Interest Paid
$474,330
Total Cost
$814,330