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101 Center Ave, 
Philip, SD 57567

$700,000

—

Bed

—

Bath

16,596

Sq Ft

Multi-Family

Pending

Listed by

Jeffrey Brooks

Brooks Commercial Real Estate

jeff@brooks-commercial.com

Last updated:

March 16, 2026, 07:23 AM

MLS#

22508616

Source:

SD RASE

About This Home

101 Center Ave

HUD Section 8 (HAP Contract) property for sale in Philip, SD! Parking lot included in sale. Unit Mix: Sixteen (16) one-bedroom/one-bathroom units. Three (3) commercial spaces. Owner Responsibility: Electric, water, sewer, trash removal, repairs/maintenance, and snow removal. Tenant Responsibility: Phone, cable, and internet. Unit Amenities: Stove, refrigerator, air conditioner, electric baseboard heat, and carpet/vinyl floor coverings. Property Amenities: Community room, main floor laundry room, elevator, onsite property management office, and off-street parking. Section 8 Coverage (# units / %): 16 units / 100%. Section 8 Contract #: SD99-H001-070. Renewal Option: Option 4. Term / Expiration: 20 Years / May 31, 2040. Elderly / Family: Elderly. Management Occupancy Review (MOR): Above-Average (July 2025). NSPIRE: 98 (February 2025). 100% Project-Based Section 8 rental subsidy. Three (3) Commercial Tenants: Daymond Lurz ($350/month), State Farm Insurance ($340/month), and Elizabeth Boardman ($300/month). The Senechal Apartments are being offered as part of a portfolio transaction and must be acquired together with the Riverview Townhouses, located at 302 E. Pine Street, Philip, SD 57567. Please contact the listing broker for additional details. Jeff Brooks is a licensed real estate broker in the State of South Dakota and part of the selling entity.

Home Facts

Multi-Family

Built in 1927

Price Summary

700,000

$42 per Sq. Ft.

MLS #:

22508616

Last Updated:

March 16, 2026, 07:23 AM

Added:

4 month(s) ago

Rooms & Interior

Interior

Living Area:

16,596 Sq. Ft.

Structure

Structure

Building Area:

16,596 Sq. Ft.

Year Built:

1927

Lot

Lot Size (Sq. Ft):

17,467

Finances & Disclosures

Finances

Price:

$700,000

Price per Sq. Ft:

$42 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.