Sioux Falls Commercial Real Estate

Multi-Family

Under Contract

Fairlane Apartments

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1940 - 1990 Wisconsin SW
Huron, SD

Space Available: 48 Units

For Sale: $800,000

Property Description

  • Twenty-four efficiency units and twenty-four one bedroom - one bath units.
  • Six buildings with eight units each, four units up and four units down.
  • Rental subsidy. HUD Section 8
  • HUD REAC Score/date: 99A, September 14, 2004.
  • HUD Section 8 HAP contract expires May 31, 2008.
  • All units under HUD Section 8 HAP contract.
  • Property Management in place.
  • Off-street parking.
  • New vinyl siding in 1999.
  • New roofs in 1990 - 1994.
  • Resurfaced parking lot in 1998.
  • Through the wall air conditioning.
  • Gas fired boiler baseboard heat.
  • Landlord pays all utilities
  • Stove, refrigerator and range hood provided in all units.
  • Mini-blinds in all units.
  • Laundry facilities available on both levels in each building.
  • Huron is centrally located where U.S. Highway 14 and S.D. Highway 37 intersect and is within two hours driving time of 75% of South Dakota’s population. 2000 population was 11,893.
  • Financials will be provided to qualified buyers upon request.

Brokers

Jeff Brooks

Jeff joins NAI Sioux Falls after acquiring experience in the banking, sales and property management fields. Most recently, Jeff worked as a Regional Property Manager for a large property management company located in Sioux Falls, SD.

Learn more about Jeff