The property has 12 456-sf apartment units and six 532-sf units. The complex, which is in foreclosure, had an occupancy rate of 55% in April, the most recent month available.
The property can generate about $50,328 in annual income and has expenses of $30,876, according to HUD's pro forma on the property.
Bids must be presented by 11 a.m. Friday at the Moody County Court House at 101 E. Pipestone Ave. in Flandreau, SD.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.