The property has 12 456-sf apartment units and six 532-sf units. The complex, which is in foreclosure, had an occupancy rate of 55% in April, the most recent month available.
The property can generate about $50,328 in annual income and has expenses of $30,876, according to HUD's pro forma on the property.
Bids must be presented by 11 a.m. Friday at the Moody County Court House at 101 E. Pipestone Ave. in Flandreau, SD.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.