611 1st St - Apartments FOR SALE


Wakonda, SD 57073
$465,000 USD
605-215-1776
611 1st St, Wakonda, SD for Sale
$465,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

611 1st St
Wakonda, SD 57073


OVERVIEW

Discover the perfect addition to your investment portfolio with this 8-unit multifamily building in the charming community of Wakonda, South Dakota. The building features seven spacious 2-bedroom units and one cozy 1-bedroom unit, appealing to a variety of tenant needs. With off-street parking and on-site coin-operated laundry, the property offers convenience and practicality for residents. New pitched roof completed in Spring 2026. Operating expenses are well-structured, with the owner covering water, sewer, and common area electrical costs, while tenants are responsible for their own electric, cable, and internet services. This arrangement ensures predictable expenses and maximizes your returns. Financial details are available for pre-qualified buyers, making it easy to evaluate the property’s strong performance. Whether you’re a seasoned investor or just starting to build your portfolio, this multifamily building in Wakonda is a rare find that combines affordability, profitability, and tenant-friendly amenities. Don’t miss this opportunity—schedule your private tour today and explore the potential of this exceptional investment property!

FOR SALE DETAILS

PRICE

$465,000 USD

PRICE/SF

$66 USD /SF

# OF UNITS

8

PRICE/UNIT

$58,125

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wakonda Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,966 SF

ZONING

-

APN/PARCEL ID

14000-00700-040-00

ASK ABOUT THIS PROPERTY

Mason SchrammThe Move GroupMore Info
605-215-1776

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Mason SchrammThe Move GroupMore Info
605-215-1776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.