- For Sale $200,000
- Property Type Multi-Family
- Property Size 2,803 SF
- Units 4
- Lot Size 0.53 Acre
- Year Built 1995
- Date Updated Oct 26, 2026
Description
Bridgewater 4-Plex presents a value-add multifamily investment opportunity with four units in a 2,803 SF building originally built in 1995. Currently 50% occupied, the property offers immediate upside with two vacant units available.
Highlights
- 2026 Taxes $2,898
- 4 total units, 2 vacant units
- 4-Stall detached garage built in 2012
- All units 1 bed 1 bath
- Electric baseboard heat; Wall AC
- Lot Size .53 AC (23,087 SF)
- Low Income Housing Tax Credit (LIHTC) land-use restriction. Buyer to verify restriction status, term, and exit options with South Dakota Housing.
- New metal roof with gutters in 2022
- On-site coin-operated laundry
- Tenant pays electricity
- USDA Rural Development (Section 515) exit in progress
- Water, sewer, and trash paid by owner
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Contacts
Michael Martin, CCIM
NAI Sioux Falls
Location
Contact Listing Broker
Michael Martin, CCIM
NAI Sioux Falls