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Tyler Goff

REALTOR® - TEAM LEADER | Tyler Goff Group | Hegg, REALTORS Inc.

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302 E Pine St , Philip, SD 57567
$530,000
Est. Payment: $2,662.70/mo
0 Bed
1 Bath
8308 Sqft
Status: pending | Days on site: 92
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Tyler Goff, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Tyler Goff
REALTOR® - TEAM LEADER
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House Description

HUD Section 8 (HAP Contract) property for sale in Philip, SD! Unit Mix: One (1) one-bedroom/one-bathroom unit, eight (8) two-bedroom/one-bathroom unit, and one (1) three-bedroom/one bathroom unit. 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 conditioner, electric baseboard heat, washer & dryer hookups, carpet/vinyl floor coverings, and mini-blinds. Property Amenities: Off-street parking and separate individual entrances. A new roof was installed in October 2022 following a wind and hail damage insurance claim. Insurance proceeds covered both the roof and siding; however, while the roof was replaced, the siding was not. On December 13, 2022, a tenant-caused fire in Unit #4 resulted in a complete, insurance-funded restoration of the unit. The parking lot was chip sealed in June 2024. Section 8 Coverage (# units / %): 6 units / 60%. Section 8 Contract #: SD99-H001-074. Renewal Option: Option 4. Term / Expiration: 20 Years / May 31, 2040. Elderly / Family: Family. Management Occupancy Review (MOR): Above-Average (July 2025). NSPIRE: 92 (June 2025). 60% Project-Based Section 8 rental subsidy. In July 2025, the property completed a HUD Section 8(bb) transaction, resulting in the removal of four (4) units from the HAP Contract and associated budget authority. This strategic use of the 8(bb) program allowed the owner to reposition the asset by converting these units to market-rate, with the goal of enhancing occupancy performance and better aligning with community housing needs. HUD’s Section 8(bb) program permits the transfer of budget authority from one property with a Project-Based Section 8 HAP contract to another eligible property. Stewart Avenue Improvement Project: City of Philip. Expected completion date is October 15, 2025. Contact listing broker for details. The Riverview Townhouses are being offered as part of a portfolio transaction and must be acquired together with the Senechal Apartments, located at 125 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.
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Highlights

Listed by Jeffrey Brooks , 605-261-2215 Brooks Commercial Real Estate , 605-261-2215. REALTOR® Association of the Sioux Empire, Inc. mls logo

Property Type

Multi-Family
Lot/Acreage
0.38

Year Built

1979

County

Other (Out of Jurisdiction)

 Neighborhood

Other - Outside Jurisdiction

 School District

Haakon 27-1

Listing ID

22508615

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:
Appliances:Refrigerator, Range
Air Cond:Window Unit(s)
Fireplaces:
Floor:Carpet
Water:Public

Exterior Features

Lot Dimensions:See survey in Documents.
Roof:Composition
Sewer:Public Sewer
Parking Features:Paved
Principal Interest
$2,663
Taxes
$338

Home Price

$530,000

Loan Details

30 yrs
6.438%

Down Payment

20%
$106,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,662.70

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,662.70 $337.88 $0.00 $3,000.58
Yearly $31,952.44 $4,054.50 $0.00 $36,006.94
Total $958,573.27 $121,635.00 $0.00 $1,080,208.27

Today's Rates

30 Year

6.44%

20 Year

6.56%

15 Year

5.98%

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Market insight data is pulled from the same city as the listing being viewed (Philip, SD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR® Association of the Sioux Empire, Inc., and is deemed reliable but not guaranteed accurate. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

IDX service by Blueroof 360

Data last updated: 2026-08-24T02:43:27.000Z

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