731 Illinois Ave NW, Huron, SD 57350 (MLS# 24-304)

Supplements: Investment Opportunity at Lampe Estates Lampe Estates offers an exceptional investment opportunity for landlords looking to expand their rental portfolio. Located at the intersection of Seventh Street and Illinois Avenue Northwest, this multi-family apartment complex combines the appeal of country living with easy access to downtown conveniences; ... (Read more) Investment Opportunity at Lampe Estates Lampe Estates offers an exceptional investment opportunity for landlords looking to expand their rental portfolio. Located at the intersection of Seventh Street and Illinois Avenue Northwest, this multi-family apartment complex combines the appeal of country living with easy access to downtown conveniences; an ideal setting for renters seeking both comfort and accessibility. This property includes five meticulously maintained eight-plex apartment buildings, spread across spacious and manicured grounds in a quiet, residential neighborhood. Residents benefit from close proximity to essential amenities such as grocery stores, convenience shops, and a variety of dining options. Each of the 40 units is thoughtfully designed with features that attract and retain quality tenants: Individually controlled central heating and air conditioning; In-unit washer and dryer hookups; Dishwashers; Generous storage space; and Energy-efficient construction to reduce utility costs. With additional parking lots to support tenant needs, the property also includes several extra lots, presenting a unique opportunity for future expansion to increase rental capacity. Lampe Estates is a turnkey investment with solid existing infrastructure, attractive tenant features, and room for growth. This property is well-suited for landlords looking to secure a reliable, revenue-generating asset in a highly desirable location.