$199,900
Mitchell, SD 57301
MLS# 26-261
3195 sqft
1 / 35
Property Description
Turnkey investment opportunity! Fully rented 3 unit property with long term tenants in place! Each unit has at least 2 bedrooms and 1 full bath with comfortable living space and a steady rental income potential. Great opportunity to add a solid income-producing property to your portfolio! Each floor is over 1,000 sq ft. Double car garage is also rented out.
Details
Maps
Documents
Contract Information
Current Price: $199,900
Book Section: Residential
Begin Date: 2026-06-10
Status: Active
List Price: $199,900
Location Tax and Other Information
House Number: 322
Street Direction Pfx: E
Street Name: 1st
Street Suffix: Ave
State/Province: SD
Postal Code: 57301
County: Davison
Taxes: 3133.8
Tax Year: 2025
General Property Description
SqFt. 1: 1065
SqFt. 2: 1065
SqFt. 3: 1065
Age: 1900
Realtor.COM Type: Multi-Family
Lot Size: 7,668
Lot Acres: 0.18
Stories: 2
Garage Stall: 2
Garage Type: detach
Waterfront YN: No
Legal: Lot 7 & W4' Lot 8 Block 8 F.M. Greenes Addition, Mitchell, City 22-103-60
Total Finished SqFt.: 3195
Construction
Construction: Frame
Exterior Const: Wood
Roof: Asphalt Shingles
Utilities
Heat: Gas
Air Conditioning: Central
Water Pd By: Owner
Sewer Pd By: Owner
Electric Pd By: Tenant
Property Features
Foundation: Block
Basement: Full
Appliances: Range/Oven; Refrigerator; DRYER; WASHER
Utilities: Seperate Meters
Supplements
1. Upstairs apartment - Eric has in unit laundry, little back porch. Hardwood floors. 2 bedroom, 1 bath, dining room, kitchen, living room and half of garage.
Rent- $715 plus $50 for garage
He has been there for 10 years.
2. Main level-Carmen has in unit laundry, little back porch, hardwood floors, 2 bedroom, 1 bath, dining room, kitchen, and living room. She has an emotional support dog. Rent $715
3. Basement apartment- 2 bedrooms, 1 bath, kitchen, dining room, living room and half of the garage. He has bee there 7 years. There is a new door on the basement apartment. Rent $500 plus $50 for garage, which they do mowing and snow removal.
2025 New tin roof on the garage
Divider wall added in the garage to separate the two sides.
Landlord pays, water, garbage and sewer- Avg $96 a month.
Tenant pays electricity.
Tenants are on a month to month.
LBP 
Listing Office: Ace Realty, LLC
Last Updated: June - 10 - 2026
Information deemed reliable but not guaranteed.