Address
200 E 3rd St Colton, SD
Price
$ 350,000
Property Attributes
  • MLS#21707494
  • TypeContingent
  • CountyMINNEHAHA
  • CityColton
  • AreaSF-60
  • NeighborhoodColton City 2nd Addn
  • Zip57018
  • Style
  • Price$ 350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6640
  • Lot Size0.64 Acres
Listing Provided Courtesy Of:
Jeffrey P Brooks at Brooks Commercial Real Estate
Property Description

Ten (10) unit multifamily portfolio for sale in Colton, SD! The Colton Apartments (aka Community Housing, Inc.) were built in 1969 and 1971. The portfolio is comprised of six (6) one-bedroom, one-bathroom units and four (4) two-bedroom, one-bathroom units. Both properties were renovated in 2000. The Colton Apartments consists of two properties: 200 E. 3rd Street (5 units) (Parcel ID #: 21556) and 502 S. Minnesota Avenue (5 units) (Parcel ID #: 21659). Tenants pay for electric, phone, cable & internet. Landlord pays for gas, water, sewer, trash, repairs and grounds. Through the wall air conditioners and gas (boiler) baseboard heat. Stackable washer and dryer in each unit. Off-street parking. The Montrose Apartments were developed under the USDA Rural Development Section 515 Program. Tenants receiving Rental Assistance pay no more than 30% of their adjusted income for rent. With an acceptable offer, the property can be taken out of the USDA Rural Development program.

Elementary School Middle School High School
Tri-Valley ES Tri-Valley JHS Middle School Tri-Valley HS
Price History
12/21/2017 Listed $350,000

General Features

Addl. Property Info Outside City Limits
Elementary School Tri-Valley ES
High School Tri-Valley HS
Listing Area SF-60
Middle School Tri-Valley JHS
Misc Info Community Water Heater
Potential Short Sale No
REO/Bank Owned No
Safety Features Smoke Detector
School District Tri-Valley
Subdivision Colton City 2nd Addn
Subdivision SD
Zoned Not Verified

Interior Features

Appliances Refrigerator, Oven/Range, Washer, Dryer, All Units
Baths Per Unit 1
Cooling Window Unit
Floors Carpet, Vinyl
Heating Hot Water, Baseboard
Total Number of Units 10 (2 5-plexes)
Unit Features Carpets, Window Covering, Common Utility Rm, All Units

Exterior Features

Exterior Hard Board
Foundation Block
Lot Size Area 0.6428
Parking Off Side Street
Roof Shingle Composition
Sewer City Sewer
Water City Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 57018

Price
AVG $230K
$350K
Visits
AVG 26
40
Year Built
AVG 1972
1969

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