1601 Evanston Ave, Hot Springs, SD 57747
1601 Evanston Ave, Hot Springs, SD 57747
1601 Evanston Ave, Hot Springs, SD 57747
1601 Evanston Ave, Hot Springs, SD 57747
1601 Evanston Ave, Hot Springs, SD 57747
1601 Evanston Ave, Hot Springs, SD 57747
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Abraham Carroll

Abraham Carroll

+1(605) 728-6599
$ 1,250,000
Est. payment | /mo

18,048 SqFt

Save
$ 1,250,000
Est. payment | /mo
Save

18,048 SqFt

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 18,048 sqft

Price per Sqft $69

Subdivision Other - Outside Jurisdiction

MLS Listing ID 22508614

Year Built 1978

Lot Size 1.501 Acres

Property Sub-Type Other

Property Description

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.

Location

State SD

County Other (out Of Jurisdiction)

Area Other

Interior

Heating Baseboard, Electric

Flooring Carpet

Exterior

Roof Type Shingle Composition

Building

Sewer City Sewer

Water City Water

Schools

Elementary Schools Hot Springs Es

Middle Schools Hot Springs Ms

High Schools Hot Springs Hs

School District Hot Springs

Others

Miscellaneous Community Water Heater,Dead Bolt

Realtor Association of the Sioux Empire, Inc. (RASE)
Copyright 2026 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved
LIsted by Brooks Commercial Real Estate • Jeffrey Brooks
Abraham Carroll

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(605) 728-6599

abraham.carroll20@joinreal.com

4912 S Technopolis Dr, Sioux Falls, SD, 57106-4230, USA

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1601 Evanston Ave