1601 Evanston Ave, Hot Springs, SD 57747
Local realty services provided by:Better Homes and Gardens Real Estate Beyond
1601 Evanston Ave,Hot Springs, SD 57747
$1,250,000
- - Beds
- - Baths
- 18,048 sq. ft.
- Multi-family
- Active
Listed by: jeffrey brooks
Office: brooks commercial real estate
MLS#:22508614
Source:SD_RASE
Price summary
- Price:$1,250,000
- Price per sq. ft.:$69.26
About this home
HUD Section 8 (HAP Contract) for sale in Hot Springs, SD! Unit Mix: Four (4) one-bedroom/one-bathroom units, twelve (12) two-bedroom/one-bathroom units; and four (4) three-bedroom/one-bathroom units. Owner responsibility: Water, sewer, trash removal, repairs/maintenance, lawn care, and snow removal. Tenant responsibility: Electric, phone, cable, and internet. Unit Amenities: Stove, refrigerator, air conditioning, electric baseboard/cove heat, carpet/vinyl floor coverings, and mini-blinds. Property Amenities: Off-street parking, two (2) laundry rooms, playground (new fence installed around playground (October 2025) / picnic area, on-site office (currently not being used), on-site maintenance room. Section 8 Coverage (# units / %): 20 units / 100%. Section 8 Contract #: SD99-H001-066. Renewal Option: Option 4. Term / Expiration: 20 Years / April 30, 2040. Elderly / Family: Family. Management Occupancy Review (MOR): Above-Average (July 2025). REAC: 97c (December 2022). 100% Project-Based Section 8 rental subsidy. The property is currently financed through a HOME Loan. There may be an opportunity for the purchaser to assume the existing HOME debt, subject to approval by the South Dakota Housing Development Authority (SDHDA). Jeff Brooks is a licensed real estate broker in the State of South Dakota and part of the selling entity.
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Home facts
- Year built:1978
- Listing ID #:22508614
- Added:1 day(s) ago
- Updated:November 17, 2025 at 03:39 PM
Rooms and interior
- Living area:18,048 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric
Structure and exterior
- Roof:Shingle Composition
- Year built:1978
- Building area:18,048 sq. ft.
- Lot area:1.5 Acres
Schools
- High school:Hot Springs HS
- Middle school:Hot Springs MS
- Elementary school:Hot Springs ES
Utilities
- Water:City Water
- Sewer:City Sewer
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$69.26