Bridgewater 4-Plex

150 W 10th Street,
Bridgewater, SD 57319

Asset Snapshot

Upper Mid-Scale

Multifamily Subtype

1995

Year Built

0.53 Acres

Land Area

4 Units

Unit Count

2,803 SF

Property Size

50%

Occupancy

Offering Summary

Investment Overview

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.

Investment Highlights

4-Stall detached garage built in 2012
New metal roof with gutters in 2022
Electric baseboard heat; Wall AC
On-site coin-operated laundry
4 total units, 2 vacant units
All units 1 bed 1 bath
Lot Size .53 AC (23,087 SF)
2026 Taxes $2,898
Water, sewer, and trash paid by owner
Tenant pays electricity
USDA Rural Development (Section 515) exit in progress
Low Income Housing Tax Credit (LIHTC) land-use restriction. Buyer to verify restriction status, term, and exit options with South Dakota Housing.