Apartment Complex Real Estate Auction, Brookings SD

October 30, 2025 10:00 am

1427 6th Street, Brookings, SD 57006

Directions

Located on 6th St., across from the Hillcrest Aquatic Center

Auctioneer Notes

Have you been looking for an investment property? Look no further! Here is an exceptional opportunity. Open House: Thursday, October 16th from 5:00 - 6:00 PM.

Disclosure Statement

Info Sheet

Overview

This 12-unit, multi-story apartment complex on an 86’ x 165’ lot has a great location in the heart of Brookings, being located right on 6th Street across from the Hillcrest Aquatic Center and just 1 block from SDSU Campus as well as schools, banks, the hospital and Hwy 14. This property features six 1-bedroom units and six 2-bedroom units with laundry onsite. All leases but one are month to month with that lease going until June 2026. This property represents the opportunity for strong income generation with a prime location. Immediate income with rents and security deposits transferring to the new buyer at closing. Call today for complete detailed information. Don’t miss this opportunity!

Description

E 43’of Lot 2 & W 43’of Lot 3 in Block 1 of Hillcrest Addition, City of Brookings, Brookings County, SD

Terms

5% non-refundable earnest money deposit due day of sale. Balance is due on or before December 1st, 2025. Title insurance and closing fees split 50/50 between buyer(s) and sellers. Real estate taxes to be pro-rated to closing date. The property is sold as is without contingencies, guarantees, warrantees, and subject to the confirmation of the owners. All descriptions and information are believed accurate but not guaranteed. Statements made day of sale take precedence over all written material. Sellers and agents are not responsible for accidents or theft. Prospective buyers are encouraged to conduct their own due diligence for future uses or practices. Buyer(s) or sellers may elect to do a 1031 exchange. Burlage Peterson Auctioneers and Realtors, LLC represent the sellers in this transaction. Personal property items left on the property will be the responsibility of the new buyer(s). Auctioneers represent the seller in this transaction.

Owner

Georgiana R. Olson Estate – Owner

Additional Information

BROKERAGE FIRM, AUCTIONEERS & REALTORS Burlage Peterson Auctioneers & Realtors, LLC Office@burlagepeterson.com 317 4th St., Brookings SD 605-692-7102

What our clients say about us!

Our family personal and farming operations have utilized Burlage Peterson Auctioneers and Realtors
for more than 30 years. They have provided exceptional support in the acquisition
and sale of both agricultural farmlands as well as personal real estate.
The firm has always provided individualized, professional support in all our
real estate transactions. They are market knowledgeable and always current on existing
and changing trends in the marketplace.Absolutely top notch! Highly recommend!

Burlage-Peterson helped us sell our house with their auction service.
Burlage-Peterson provided us with a great team to complete this process.
They were professional, respectable, and very caring of our needs from start to closing.

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