101 Center Ave, Philip, SD 57567

Local realty services provided by:Better Homes and Gardens Real Estate Beyond
101 Center Ave,Philip, SD 57567
$700,000
  • - Beds
  • - Baths
  • 16,596 sq. ft.
  • Multi-family
  • Active
Listed by: jeffrey brooks
Office: brooks commercial real estate
MLS#:22508616
Source:SD_RASE

Price summary

  • Price:$700,000
  • Price per sq. ft.:$42.18

About this home

HUD Section 8 (HAP Contract) property for sale in Philip, SD! Parking lot included in sale. Unit Mix: Sixteen (16) one-bedroom/one-bathroom units. Three (3) commercial spaces. Owner Responsibility: Electric, water, sewer, trash removal, repairs/maintenance, and snow removal. Tenant Responsibility: Phone, cable, and internet. Unit Amenities: Stove, refrigerator, air conditioner, electric baseboard heat, and carpet/vinyl floor coverings. Property Amenities: Community room, main floor laundry room, elevator, onsite property management office, and off-street parking. Section 8 Coverage (# units / %): 16 units / 100%. Section 8 Contract #: SD99-H001-070. Renewal Option: Option 4. Term / Expiration: 20 Years / May 31, 2040. Elderly / Family: Elderly. Management Occupancy Review (MOR): Above-Average (July 2025). NSPIRE: 98 (February 2025). 100% Project-Based Section 8 rental subsidy. Three (3) Commercial Tenants: Daymond Lurz ($350/month), State Farm Insurance

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Home facts

  • Year built:1927
  • Listing ID #:22508616
  • Added:1 day(s) ago
  • Updated:November 17, 2025 at 03:39 PM

Rooms and interior

  • Living area:16,596 sq. ft.

Heating and cooling

  • Heating:Baseboard, Electric

Structure and exterior

  • Year built:1927
  • Building area:16,596 sq. ft.
  • Lot area:0.4 Acres

Schools

  • High school:Philip HS
  • Middle school:Philip JHS
  • Elementary school:Philip ES

Utilities

  • Water:City Water
  • Sewer:City Sewer

Finances and disclosures

  • Price:$700,000
  • Price per sq. ft.:$42.18
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