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1601 Evanston AveHot Springs, SD 57747




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$5,703HUD 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.
| 4 months ago | Listing updated with changes from the MLS® | |
| 4 months ago | Status changed to Pending | |
| 4 months ago | Price changed to $1,250,000 | |
| 6 months ago | Listing first seen on site |
Information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. The data relating to real estate on this website comes in part from the Realtor Association of the Sioux Empire MLS Internet Data Exchange Program. Real estate listings held by brokerage firms other than Brooks Commercial Real Estate are marked with the Realtor Association of the Sioux Empire MLS IDX logo and detailed information about them includes the name of the listing broker. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated at: 2026-05-19 05:09 AM UTC