Seller's Agent in 2024
Nikki LaCroix
Vision Real Estate Services
(605) 664-5555
59 Total Sales
Estimated Value: $540,352
--
Bed
11
Baths
21,008
Sq Ft
$26/Sq Ft
Est. Value
Highlights
- Spa
- Updated Kitchen
- 4 Car Detached Garage
- Multiple Garages
- Workshop
- Forced Air Heating and Cooling System
About This Home
As of March 2024Rare opportunity to own a turn-key rental property! Located just 10 minutes from Yankton and the Lewis & Clark Lake Recreation Area, this apartment building with 10 furnished units and multiple garage bays might be calling your name! Many updates over the years including new gutters and eaves (2022 & 2023), newer metal roof (2015-2019), multiple new furnaces and ACs, new flooring in several units, moderately updated kitchens and bathrooms, and the addition of a 14-foot garage door leading to a large heated storage area for boats, ATVs or other vehicles. Individual heated garage stalls on site too. Coin-operated laundry is available for tenants on the main floor of the building, and 3 units have laundry/hookups available privately. A common area houses gym equipment, a pool table and a hot tub room. If that's not enough to invest, this property also comes with a STACKED wood shop full of miscellaneous lumber and woodworking equipment. All furnishings and inventory on site are being sold with the property, including a snow blower. Occupancy rate has consistently been 80% or higher for current owners, and they also currently pay all utilities.
Last Agent to Sell the Property
Vision Real Estate Services Brokerage Phone: 605-660-6105 License #NULL Listed on: 10/10/2023
Last Buyer's Agent
Ginny Brinkman
Discovery Realty & Management Services LLC License #13481
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,423
Year Built
- Built in 1960
Lot Details
- 0.72
Home Design
- Metal Roof
- Metal Siding
Interior Spaces
- 21,008 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Workshop
- Updated Kitchen
- Laundry on main level
Parking
- 4 Car Detached Garage
- Multiple Garages
- Heated Garage
- Garage Door Opener
- Gravel Driveway
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Additional Features
- Spa
- 0.72 Acre Lot
Community Details
- 10 Units
- Coin Laundry
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 10, 2023
Closed on
Mar 1, 2024
Sold by
The Lumberyard Suites Llc
Bought by
Apartments And Storage - Yankton Area -
Seller's Agent
Nikki LaCroix
Vision Real Estate Services
Buyer's Agent
Ginny Brinkman
Discovery Realty & Management Services LLC
List Price
$650,000
Sold Price
$525,000
Premium/Discount to List
-$125,000
-19.23%
Views
119
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,352
Avg. Annual Appreciation
0.99%
Purchase Details
Closed on
Oct 3, 2019
Sold by
Utica Lumber & Grain Company
Bought by
The Lumberyard Suites Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Apartments And Storage - Yankton Area - | $525,000 | Yankton Title Co | |
| The Lumberyard Suites Llc | $370,000 | Yankton Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | The Lumberyard Suites Llc | $277,500 | |
| Previous Owner | Lumber Utica | $225,000 | |
| Previous Owner | Utica Lumber And Grain Co Inc | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/01/2024 03/01/24 | Sold | $525,000 | -19.2% | $25 / Sq Ft |
| 02/07/2024 02/07/24 | Pending | -- | -- | -- |
| 10/10/2023 10/10/23 | For Sale | $650,000 | -- | $31 / Sq Ft |
Source: Meridian Association of REALTORS®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $4,018 | $202,900 | $6,000 | $196,900 |
| 2023 | $4,423 | $202,900 | $6,000 | $196,900 |
| 2022 | $4,460 | $202,900 | $6,000 | $196,900 |
| 2021 | $4,433 | $202,900 | $6,000 | $196,900 |
| 2020 | $4,064 | $202,900 | $0 | $0 |
| 2019 | $4,083 | $202,900 | $0 | $0 |
| 2018 | $3,824 | $202,900 | $0 | $0 |
| 2017 | $3,773 | $191,700 | $0 | $0 |
| 2016 | -- | $179,300 | $0 | $0 |
| 2015 | -- | $179,300 | $0 | $0 |
| 2014 | -- | $179,300 | $0 | $0 |
| 2013 | -- | $179,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
G
Buyer's Agent in 2024
Ginny Brinkman
Discovery Realty & Management Services LLC
Source: Meridian Association of REALTORS®
MLS Number: 115937
APN: 67.100.006.040
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