Mitchell SD Multi Family for Sale
$295,000
312 W 11th St Mitchell, SD 57301
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1939
- Baths:
- MLS#:
- 22402153
- Subdivision:
- Other - Outside Jurisdiction
ADDITIONAL INFORMATION
Meticulously cared for 5 unit brick apartment complex, offering an exceptional investment opportunity in a desirable location. 4 spacious one-bedroom units & a lower-level efficiency apartment, this property promises both comfort & convenience for residents. The exterior's timeless brick facade exudes durability & charm, while the interior reflects a commitment to quality & upkeep. Recent upgrades, including a new boiler & hot water heating system, ensure efficient operation & tenant satisfaction. Each of the 4 upper-level apartments rents for $650 per month, which is below market rent rates. The lower-level efficiency apartment offers affordable living at $550 per month, catering to a diverse range of tenants. All units come equipped with a stove, refrigerator, and washer and dryer, simplifying daily routines for residents. Additional amenities such as window air conditioning units, ceiling fans, and smoke alarms enhance comfort and safety throughout the property.
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Mitchell Real Estate
The median home value in Mitchell, SD is $164,900. This is lower than the county median home value of $171,900. The national median home value is $219,700. The average price of homes sold in Mitchell, SD is $164,900. Approximately 51.2% of Mitchell homes are owned, compared to 42.86% rented, while 5.94% are vacant. Mitchell real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Mitchell real estate agent to arrange a tour today!
Mitchell, South Dakota has a population of 15,566. Mitchell is less family-centric than the surrounding county with 26.17% of the households containing married families with children. The county average for households married with children is 27.17%.
The median household income in Mitchell, South Dakota is $45,264. The median household income for the surrounding county is $48,665 compared to the national median of $57,652. The median age of people living in Mitchell is 36 years.
Mitchell Weather
The average high temperature in July is 86 degrees, with an average low temperature in January of 7 degrees. The average rainfall is approximately 25.5 inches per year, with 34.6 inches of snow per year.