611 1st St
Wakonda, SD 57073

Description

Discover the perfect addition to your investment portfolio with this 8-unit multifamily building in the charming community of Wakonda, South Dakota. Priced competitively at $399,900 with an impressive 8% cap rate, this property offers both immediate cash flow and long-term value. 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. 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!