Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of Brooks Commercial Real EstateMLS# 22508614MLS ProviderContact Information: [email protected]
  • 226 days on site
  • 8 views

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.

Source: Realtors Association of the Sioux Empire, INC, MLS#: 22508614

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
  • Property Type
    Residential Income
  • Lot
    1.50 acres

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

Dana Williams

Create a profile so you can receive updates on this property as soon as they happen!

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1601 Evanston Ave

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
1/22/2026Source: Realtors Association of the Sioux Empire, INC Status Change
Pending - Pending
11/15/2025Source: Realtors Association of the Sioux Empire, INC Added to Database
November 15, 2025