1100 E Elder St, Canton, SD 57013 - Lincoln County

Investor alert! Take a look at these 4 plex's. There are 4 - 4 plex's with each unit having 2 bedrooms, one bath and laundry hookups in each unit. Each unit also has a single attached garage and everything is on one level - no steps. Because of the easy access and convenient floor plan, many of the tenants have been there for over 10 years and a few over 20 years. Each unit has it's own utilities that are paid by the tenant. The landlord provides the lawn service and snow removal. There are 16 additional detached garage stalls that are rented as storage units or additional garage space for tenants. The buildings were updated with new siding in 2023 and many of them have had recent interior paint and floor coverings. They are broker owned and have been since 2003. They are extremely efficient to heat and cool with an abundance of insulation. The vacancy rate is extremely low and currently has a waiting list for potential tenants.

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