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516 & 520 Medary Avenue

Brookings, SD 57006
  • $499,900
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 24-332
UPDATED: 64 min ago
$499,900
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1910
County:
Area:

School Ratings & Info

Listing provided courtesy of Kari Westlund of Best Choice Real Estate.

Description

A NEW INVESTMENT OPPORTUNITY IS KNOCKING! If you're looking to begin or build your investment portfolio, consider this 2 Building-8 Unit Rental within WALKING DISTANCE TO SDSU. Each building offers 4 Units: 3 are 1 Bed + Bath and the other offers 2 Beds + 1 Bath. 516 Medary Ave offers a front office area with 3 Potential Office Spaces. There is also a 2 Stall Garage Attached to this unit. 520 Medary has two large rooms on the back side of the building that are not currently utilized. This would be great storage or potential office space. This property also comes with a 10x29 Utility Shed and 9 Parking Spaces for the Tenants Use. Current Monthly Rental Income is $4105. 6 Units Leased until Spring 2025 & 2 Units with leases expiring July/Aug 2024. CALL NOW & LET REAL ESTATE WORK FOR YOU!Please Note that a minimum 24-hour notice will be required for any Showing Requests. 516 Medary Ave: Year Built: 1910 Above Grade Square Footage: 2528 SF Basement Area Square Footage: 1336 SF Foundation: Concrete Block Siding: Vinyl Heating: Hot Water Heat with Gas Boiler (Located in Unit B) Cooling: Window A/C Units Water Heater: Electric 50 Gallon (Located in Unit B) Electrical: Breaker Box (Located in Unit B) Sump Pump: Located in Unit A No Laundry Facilities Property Taxes: $3448.24 516 Medary Ave. Unit A-1 Bed + 1 Bath: $460/month leased until May 12th, 2025 (Basement Apt) 516 Medary Ave. Unit B-1 Bed + 1 Bath: $460/month leased until August 1st, 2025 (Basement Apt) 516 Medary Ave. Unit C-2 Bed + 1 Bath: $660/month leased until November 1st, 2025 (Main Level Apt) 516 Medary Ave. Unit D-1 Bed + 1 Bath: $470/month leased until September 12th, 2024 (Upstairs Apt) Utilities are included in the Rent; Tenant is responsible for their own cable/internet provider. 520 Medary Ave: Year Built: 1956 Above Grade Square Footage: 2530 SF Basement Area Square Footage: 1040 SF Foundation: Concrete Block Siding: Vinyl Heating: Lennox Gas Furnace (Thermostat located in Unit C) Cooling: Central Air (Thermostat located in Unit C) Water Heater: Electric 80 Gallon (Located in Basement Utility Room) Electrical: Fuses + Breaker Box (Located in Basement Utility Room) Sump Pump: Located in Basement Utility Room No Laundry Facilities Property Taxes: $2523.72 520 Medary Ave. Unit A-1 Bed + 1 Bath: $415/month leased until May 12th, 2025 (Basement Apt) 520 Medary Ave. Unit B-1 Bed + 1 Bath: $460/month leased until April 12th, 2025 (Basement Apt) 520 Medary Ave. Unit C-2 Bed + 1 Bath: $745/month leased until July 15th, 2024 (Main Level Apt) 520 Medary Ave. Unit D-1 Bed + 1 Bath: $435/month leased until May 12th, 2025 (Upstairs Apt) Utilities are included in the Rent; Tenant is responsible for their own cable/internet provider.

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© 2024 East Central Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Best Choice Real Estate. Data last updated: 2024-07-14T06:36:12.33.
www.brookingshomes.com/homes/151828309
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516 & 520 Medary Avenue Brookings, SD 57006

  • Price: $499,900
  • Status: Active
  • On Site: 24 Days
  • Updated: 64 min ago
  • MLS #: 24-332
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1910
Built
Neighborhood:
Brookings
County:
Brookings
Area:
Brookings
Property Description
A NEW INVESTMENT OPPORTUNITY IS KNOCKING! If you're looking to begin or build your investment portfolio, consider this 2 Building-8 Unit Rental within WALKING DISTANCE TO SDSU. Each building offers 4 Units: 3 are 1 Bed + Bath and the other offers 2 Beds + 1 Bath. 516 Medary Ave offers a front office area with 3 Potential Office Spaces. There is also a 2 Stall Garage Attached to this unit. 520 Medary has two large rooms on the back side of the building that are not currently utilized. This would be great storage or potential office space. This property also comes with a 10x29 Utility Shed and 9 Parking Spaces for the Tenants Use. Current Monthly Rental Income is $4105. 6 Units Leased until Spring 2025 & 2 Units with leases expiring July/Aug 2024. CALL NOW & LET REAL ESTATE WORK FOR YOU!Please Note that a minimum 24-hour notice will be required for any Showing Requests. 516 Medary Ave: Year Built: 1910 Above Grade Square Footage: 2528 SF Basement Area Square Footage: 1336 SF Foundation: Concrete Block Siding: Vinyl Heating: Hot Water Heat with Gas Boiler (Located in Unit B) Cooling: Window A/C Units Water Heater: Electric 50 Gallon (Located in Unit B) Electrical: Breaker Box (Located in Unit B) Sump Pump: Located in Unit A No Laundry Facilities Property Taxes: $3448.24 516 Medary Ave. Unit A-1 Bed + 1 Bath: $460/month leased until May 12th, 2025 (Basement Apt) 516 Medary Ave. Unit B-1 Bed + 1 Bath: $460/month leased until August 1st, 2025 (Basement Apt) 516 Medary Ave. Unit C-2 Bed + 1 Bath: $660/month leased until November 1st, 2025 (Main Level Apt) 516 Medary Ave. Unit D-1 Bed + 1 Bath: $470/month leased until September 12th, 2024 (Upstairs Apt) Utilities are included in the Rent; Tenant is responsible for their own cable/internet provider. 520 Medary Ave: Year Built: 1956 Above Grade Square Footage: 2530 SF Basement Area Square Footage: 1040 SF Foundation: Concrete Block Siding: Vinyl Heating: Lennox Gas Furnace (Thermostat located in Unit C) Cooling: Central Air (Thermostat located in Unit C) Water Heater: Electric 80 Gallon (Located in Basement Utility Room) Electrical: Fuses + Breaker Box (Located in Basement Utility Room) Sump Pump: Located in Basement Utility Room No Laundry Facilities Property Taxes: $2523.72 520 Medary Ave. Unit A-1 Bed + 1 Bath: $415/month leased until May 12th, 2025 (Basement Apt) 520 Medary Ave. Unit B-1 Bed + 1 Bath: $460/month leased until April 12th, 2025 (Basement Apt) 520 Medary Ave. Unit C-2 Bed + 1 Bath: $745/month leased until July 15th, 2024 (Main Level Apt) 520 Medary Ave. Unit D-1 Bed + 1 Bath: $435/month leased until May 12th, 2025 (Upstairs Apt) Utilities are included in the Rent; Tenant is responsible for their own cable/internet provider.
Exterior Features

Lot Size 100x175 Style Apartments

Property Features

Tax Year 2023 Taxes 5971.96 Zoning B-2

Listing information © 2024 East Central Board of Realtors MLS. Provided courtesy of Best Choice Real Estate: (605) 692-9200.


© 2024 East Central Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Best Choice Real Estate. Data last updated: 2024-07-14T06:36:12.33.
 
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Best Choice Real Estate
611 6th Street
Brookings SD, 57006
Listing provided courtesy of Kari Westlund of Best Choice Real Estate.