101 Center Ave Philip, SD 57567
Estimated payment $4,491/month
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.
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
Map
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/15/2026 02/15/26 | Pending | -- | -- | -- |
| 11/15/2025 11/15/25 | For Sale | $700,000 | -- | $42 / Sq Ft |
Source: REALTOR® Association of the Sioux Empire
MLS Number: 22508616
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