Pending

1601 Evanston Avenue

Hot Springs, SD 57747
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$1,250,000 $5,270/Mo
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Bed --

Bed

Bath 0

Bath

SqFt18,048

Sqft

Acres1.50

Acres(Lot)

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-H0 01-066. 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,250,000

AD Id : 63589508

MLS Id : 22508614

Lot Size : 1.50 Acres

Living Area Size : 18,048

Year Built : 1978

County : Other (Out of Jurisdiction)

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Feature Features

  • Flooring Information

    Carpet

  • Roofing Information

    Composition

  • Interior Features

    Roof: Composition Appliances: Refrigerator, Range Window Features: Window Coverings

  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard, Electric Has Cooling: Yes Cooling: Window Unit(s)

  • Building Information

    Year Built: 1978 Building Area Total: 18048 Stories: 3 Private Pool: No

  • Lot Information

    Lot Dimensions: See survey in Documents. Lot Size Acres: 1.501 Lot Size Square Feet: 65384

    Property Information

    Subdivision: Other - Outside Jurisdiction Source Property Type: Residential Income MLS Area Minor: Outside MLS Jurisdiction Property SubType: Multi Family Property Age: 48

  • Listing Price Information

    Listing Price: $1250000

  • Tax Information

    Parcel Number: 75100-00300-002-00 Tax Legal Desc: To lengthy. Please contact listing broker.

  • Parking Information

    Paved

  • School Information

    Elementary School: Hot Springs ES
    Junior High School: Hot Springs MS
    Senior High School: Hot Springs HS

  • Location Information

    Direction: Property is located in Hot Springs, SD. WaterSource: Public Security Features: Security Lights, Smoke Detector(s)
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The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of REALTOR® Association of the Sioux Empire, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright © 2026 REALTOR® Association of the Sioux Empire, Inc. All rights reserved.

ByOwner last updated this listing 06/10/2026 @ 20:14

MLS: 22508614 LISTED BY: Jeffrey Brooks, Brooks Commercial Real Estate SOURCE: REALTOR Association of the Sioux Empire

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