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.
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 57301 has a population of 15,566. Mitchell 57301 is less family-centric than the surrounding county with 26.32% 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 57301 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 57301 is 36 years.
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.