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200 E 3rd St
Colton, SD 57018
MLS #21707494

Multi-Family
  • 1baths
  • 0.6428acres
  • 6,640sq ft
$350,000
Est. P&I payment: $1336.76/mo
200 E 3rd St, Colton, SD 57018
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Description for 200 E 3rd St, Colton, SD 57018
Ten (10) unit multifamily portfolio for sale in Colton, SD! The Colton Apartments (aka Community Housing, Inc.) were built in 1969 and 1971. The portfolio is comprised of six (6) one-bedroom, one-bathroom units and four (4) two-bedroom, one-bathroom units. Both properties were renovated in 2000. The Colton Apartments consists of two properties: 200 E. 3rd Street (5 units) (Parcel ID #: 21556) and 502 S. Minnesota Avenue (5 units) (Parcel ID #: 21659). Tenants pay for electric, phone, cable & internet. Landlord pays for gas, water, sewer, trash, repairs and grounds. Through the wall air conditioners and gas (boiler) baseboard heat. Stackable washer and dryer in each unit. Off-street parking. The Montrose Apartments were developed under the USDA Rural Development Section 515 Program. Tenants receiving Rental Assistance pay no more than 30% of their adjusted income for rent. With an acceptable offer, the property can be taken out of the USDA Rural Development program.
MLS #21707494
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My Notes for MLS #21707494

General Features

  • Acres: 0.6428
  • Approx Finished SqFt: 6,640
  • Baths Per Unit: 1
  • Baths Varies By Unit: No
  • Bedroom Varies By Unit: Yes
  • Building SqFt: 6,640
  • Lot Dimensions: Both lots are 100 X 140
  • Lot Size SqFt: 28,000
  • Number of Stories: 1
  • Property Subtype: Other
  • Total Units: 10 (2 5-plexes)
  • Year Built: 1969

Exterior Features

  • Exterior: Hard Board
  • Parking: Off Side Street
  • Roof: Shingle Composition

Interior Features

  • Entrance: Private,​More than one per Unit
  • Floors: Carpet,​Vinyl

Utility Features

  • Air Conditioning: Window Unit
  • Appliances: Refrigerator,​Oven/Range,​Washer,​Dryer,​All Units
  • Heating: Hot Water,​Baseboard
  • Sewer: City Sewer
  • Water: City Water

Financial Features

  • Potential Short Sale: No
  • Price Per SQFT: 52.71
  • REO/Bank Owned: No
  • Sale/Rent: For Sale
  • Utility Included in Rent: Gas,​Water,​Trash Collection,​Lawn Service,​Snow Removal,​Sewer,​All Units

Community Features

  • Subdivision: Colton City 2nd Addn

School Features

  • Elementary School: Tri-Valley ES
  • High School: Tri-Valley HS
  • Middle School: Tri-Valley JHS
  • School District: Tri-Valley

Miscellaneous Features

  • Foundation: Block
  • Misc Info: Community Water Heater
  • Safety Features: Smoke Detector
  • Unit Features: Carpets,​Window Covering,​Common Utility Rm,​All Units
  • Zoned: Not Verified

Location

 
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Directions to 200 E 3rd St, Colton, SD 57018
Both properties are located in Colton, SD.
The listing information for 200 E 3rd St, Colton, SD 57018 was graciously provided by our friends at the listing brokerage, Brooks Commercial Real Estate

Get Financing for 200 E 3rd St, Colton, SD 57018

CU Mortgage Direct
Lori Norby
220 S. Harth Avenue
Madison, SD 57042
605-256-8285 Office
605-256-8053 Fax
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P&I Payment $1336.76
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Advantage's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Advantage, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTORĀ® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than EXIT Realty Advantage are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. © 2018 REALTOR® Association of the Sioux Empire, Inc. Multiple Listing Service. All rights reserved.
Last Updated 04/20/2018 at 10:21pm
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