The Palace Apartments, is a 32-unit affordable apartment community located at 901 W. 8th Avenue, a quiet residential neighborhood with mixed single and multifamily development just west of downtown Mitchell in Davison County, SD. There are twelve (12) one-bedroom apartment units of approximately 555 square feet and twenty (20), two bedroom units of approximately 829 square feet. The property was constructed in 1973. Section-8. Rental assistance is provided under a Project-Based Housing Assistance Payments (HAP) contract. Under the HAP contract, renters pay approximately 30% of their adjusted gross income in rent and HUD provides for the difference in rent for the unit type.The marketing package, financials, rent rolls, HUD rent schedule, HAP Contract/Renewals and REAC Scoring summary can be found at www.brooks-commercial.com.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
