$700,000

101 Center Ave Philip, SD 57567

Estimated payment $4,545/month

-- Bed
-- Bath
16,596 Sq Ft
$42 Price per Sq Ft

About This Home

HUD Section 8 (HAP Contract) property for sale in Philip, SD! Parking lot included in sale. Unit Mix: Sixteen (16) one-bedroom/one-bathroom units. Three (3) commercial spaces. Owner Responsibility: Electric, water, sewer, trash removal, repairs/maintenance, and snow removal. Tenant Responsibility: Phone, cable, and internet. Unit Amenities: Stove, refrigerator, air conditioner, electric baseboard heat, and carpet/vinyl floor coverings. Property Amenities: Community room, main floor laundry room, elevator, onsite property management office, and off-street parking. Section 8 Coverage (# units / %): 16 units / 100%. Section 8 Contract #: SD99-H001-070. Renewal Option: Option 4. Term / Expiration: 20 Years / May 31, 2040. Elderly / Family: Elderly. Management Occupancy Review (MOR): Above-Average (July 2025). NSPIRE: 98 (February 2025). 100% Project-Based Section 8 rental subsidy. Three (3) Commercial Tenants: Daymond Lurz ($350/month), State Farm Insurance ($340/month), and Elizabeth Boardman ($300/month). The Senechal Apartments are being offered as part of a portfolio transaction and must be acquired together with the Riverview Townhouses, located at 302 E. Pine Street, Philip, SD 57567. Please contact the listing broker for additional details. Jeff Brooks is a licensed real estate broker in the State of South Dakota and part of the selling entity.

Listing Agent

Jeff Brooks

Brooks Commercial Real Estate Listed on: 11/15/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,271

Year Built

  • Built in 1927

Parking

  • Off-Street Parking

Interior Spaces

  • 16,596 Sq Ft Home
  • 2-Story Property
  • Carpet

Home Security

  • Security Lights
  • Fire and Smoke Detector

Schools

  • Philip Elementary School
  • Philip JHS Middle School
  • Philip High School

Additional Features

  • 0.4 Acre Lot
  • Baseboard Heating

Community Details

  • Other Outside Jurisdiction Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,271

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Year Built: 1927
  • Stories: 2
  • Elementary School: Philip ES
  • High School: Philip HS
  • Property Type: MULTI-FAMILY
  • Lot Size: See survey in Documents.
  • Co List Office Mls Id: 765530455
  • Subdivision Name: Other - Outside Jurisdiction
  • Directions: Property is located in Philip, SD.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Owner Pays: Grounds Care, Sewer, Trash Collection, Water
  • Entry Location: Community

Exterior Features

  • Roof: Other

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Cooling: Window Unit(s)
  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: HaakonSD
  • Middle Or Junior School: Philip JHS

Lot Info

  • Lot Size Sq Ft: 17467.0

Tax Info

  • Tax Annual Amount: 10271.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2025 11/15/25 For Sale $700,000 -- $42 / Sq Ft
Source: REALTOR® Association of the Sioux Empire

Source: REALTOR® Association of the Sioux Empire

MLS Number: 22508616

REALTOR® Association of the Sioux Empire
South Dakota Haakon County Philip 57567

101 Center Ave, Philip, SD

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of the Sioux Empire The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X 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.
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Jeff Brooks
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Brooks Commercial Real Estate
(605) 261-2215