111 Main St
Utica, SD 57067

Description

Rare opportunity to own a turn-key rental property! Located just 10 minutes from Yankton and the Lewis & Clark Lake Recreation Area, this apartment building with 10 furnished units and multiple garage bays might be calling your name! Many updates over the years including new gutters and eaves (2022 & 2023), newer metal roof (2015-2019), multiple new furnaces and ACs, new flooring in several units, moderately updated kitchens and bathrooms, and the addition of a 14-foot garage door leading to a large heated storage area for boats, ATVs or other vehicles. Individual heated garage stalls on site too. Coin-operated laundry is available for tenants on the main floor of the building, and 3 units have laundry/hookups available privately. A common area houses gym equipment, a pool table and a hot tub room. If that's not enough to invest, this property also comes with a STACKED wood shop full of miscellaneous lumber and woodworking equipment. All furnishings and inventory on site are being sold with the property, including a snow blower. Occupancy rate has consistently been 80% or higher for current owners, and they also currently pay all utilities.