NOT LISTED FOR SALE

Estimated Value: $166,163

Studio
-- Bath
2,600 Sq Ft
$64/Sq Ft Est. Value

Last Sold January 07, 2022

Last sale price $142,000 $55 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,043/month

285 Days on Market

About This Home

As of January 2022

Are you looking for a stable investment opportunity? This Four-Plex located in Tripp, South Dakota is just that. Listed at $145,000 this property is a turn key rental business with 100% occupancy. The building was constructed in 1997 and was remodeled in 2014. The four rental units each rent out for $350/month, which includes utilities. There is a coin operated washer and dryer unit in the commons area which is open to the tenants. This property also includes a small 1 acre hay field which is farmed by the neighbor. Small town housing is a demand in this community and many other nearby towns.

Last Agent to Sell the Property

Mitch Breen

Juffer Real Estate Listed on: 10/15/2020

Last Buyer's Agent

Megan Hiltunen

The Move Group License #NULL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,767

Year Built

  • Built in 1997

Lot Details

  • 1.22 Acre Lot

Parking

  • Gravel Driveway

Home Design

  • Asphalt Shingled Roof

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,767

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Style: 1 Story or Ranch
  • Legal Description: Lot A Outlot 29 & Lot A Outlot 31 Except S75' W136' (48) Original Outlots 29-31 Subdivision City of Tripp, South Dakota
  • Price Per Sq Ft: 54.62
  • Region: West of Highway 81 SD
  • Year Built: 1997
  • Electric Provider: Unknown
  • Internet T V Phone Provide: Unknown
  • Natural Gas Provider: Unknown
  • Propane Provider: Unknown
  • Video Recording Device: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Sq Ft Fin Apx Main: 2600
  • Sq Ft Fin Apx Total: 2600

Exterior Features

  • Exterior: Wood
  • Flood: Verified
  • Roof: Asphalt Shingles

Garage/Parking

  • Driveway: Gravel

Utilities

  • Cooling: Window Unit
  • Fuel: Electric
  • Heating: Baseboard
  • Sewer: City
  • Water Heater: Electric
  • Water Provider: Unknown

Lot Info

  • Estimated Acres: 1.22
  • Parcel No: 270.48.29.A29
  • Geo Subdivision: SD
  • Lot Size Sf: 53143
  • Zoning: Business/Commercial

Tax Info

  • Estimated Taxes: 1767
  • Tax Year: 2020

Multi Family

  • Total Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2022
Sold by
Deffenbaugh Brad and Deffenbaugh Mike
Bought by
Waters Properties Llc
Current Estimated Value
$166,163
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Waters Properties Llc $142,000 --
Waters Properties Llc $142,000 --
Waters Properties Llc $142,000 --
Waters Properties Llc $142,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Waters Properties Llc --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2022 01/07/22 Sold $142,000 -2.1% $55 / Sq Ft
07/27/2021 07/27/21 Pending -- -- --
10/15/2020 10/15/20 For Sale $145,000 -- $56 / Sq Ft
Source: Meridian Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,150 $93,480 $6,130 $87,350
2024 $2,439 $84,580 $6,130 $78,450
2023 -- $71,960 $6,130 $65,830
2022 -- $57,930 $3,070 $54,860
2021 -- $50,010 $3,070 $46,940
Source: Public Records

Agents Affiliated with this Home

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Source: Meridian Association of REALTORS®

MLS Number: 114634

Meridian Association of REALTORS®

APN: 270.48.29.A29