Discover a well-maintained 8-unit multifamily property located just one block north of historic Downtown Vermillion and five blocks from the University of South Dakota. The main building offers seven units configured as studios, one-bedrooms, and two-bedrooms, with an additional detached 2 bed/1 bath home situated at the rear of the lot. Each main-building unit features hot water heat and window A/C (detached building has forced air and wall A/C), and several units have original hardwood floors that have been recently exposed. Shared amenities include an on-site coin-operated laundry room and an off-street parking lot. Recent building improvements include a new roof installed in 2018, updated hot water heaters, and main electrical service converted to breaker panels in 2015. The property currently shows consistent occupancy with leases in place through May 31, 2026. Convenient proximity to downtown businesses, dining, arts, and community activities enhances long-term rental appeal, while its location near campus adds year-round demand potential. This established multifamily offering provides an opportunity to step into a stabilized building in a central Vermillion location. Seller is related to the listing agent.
