$425,000
Watertown, SD 57201
MLS# 30-4820
8 beds | 4 baths | 2988 sqft
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Property Description
Well-maintained fourplex offering strong cash-flow potential and value-add upside. The property will be fully rented by May 15, with projected gross rents just over $4,000/month at 100% occupancy. Recent improvements include refreshed landscaping, window replacements in basement units, new ceiling lights, exterior paint, tree trimming and removal, and garage door replacement. The property is currently self-managed, offering a streamlined, cost-efficient operation for investors, with additional upside available through future updates and optimization. Solid income property with room to increase returns through operational efficiencies! Listing agent is related to the seller.
Details
None
Current Price: $425,000
Contract Information
Book Section: Multi Family
Record Number: 7105
Begin Date: 2026-02-02
List Price: $425,000
Occupied By: Renter
City/Rural: City
General Property Description
Style: Ranch
Realtor.COM Type: Multi-Family
Above Grade Sq. Ft: 1664
Total SqFt.: 2988
Year Built: 1975
Lot Size: 75 x 130.2
Total Bedrooms: 8
Total Bathrooms: 4
Baths - Full: 4
Garage Type: Detached
# Garage Stalls: 4
Waterfront Y/N: No
Lake Name: None
Remarks
Public Remarks: Well-maintained fourplex offering strong cash-flow potential and value-add upside. The property will be fully rented by May 15, with projected gross rents just over $4,000/month at 100% occupancy. Recent improvements include refreshed landscaping, window replacements in basement units, new ceiling lights, exterior paint, tree trimming and removal, and garage door replacement. The property is currently self-managed, offering a streamlined, cost-efficient operation for investors, with additional upside available through future updates and optimization. Solid income property with room to increase returns through operational efficiencies!
Listing agent is related to the seller.
Location Tax and Other Information
House Number: 613-615
Street Name: 1ST
Street Suffix: AVENUE
Street Direction Sfx: SE
State/Province: SD
Postal Code: 57201
County: Codington
Status Change Info
Status: Active
Status Change Date: 2026-02-02
Utilities
Fuel: Electricity
Heat 1: Baseboards
Property Features
Listing Office: HAUGAN NELSON REALTY, INC
Last Updated: May - 01 - 2026
Information deemed reliable but not guaranteed.