This fourplex offers an investment opportunity in a highly sought-after location. Conveniently situated near the Empire Mall, one of Sioux Falls' largest shopping centers, the property is also within close proximity to Louise Avenue, which features a wide range of restaurants, grocery stores, and specialty shops. Additionally, Sanford and Avera healthcare facilities are just a short drive away. The building includes four units, comprising one 2-bedroom, 1-bathroom units and three 2-bedroom, 1.5-bathroom units. The landlord covers the cost of heat (via boiler), common area electricity, water, sewer, trash, repairs and maintenance, lawn care, and snow removal. Residents are responsible for their electricity, phone, cable, and internet services. The property also features coin-operated laundry facilities. Each unit is provided with a garage, which is currently included in the rent. The current owners have owned the property since 2011, with a new roof installed in 2015. The property boasts a consistent history of strong occupancy.
Welcome to this fantastic investment opportunity! With 32 units, each featuring two bedrooms and one bath, spread across 8 buildings, this property offers both spacious living and investment potential. Convenient off-street parking ensures hassle-free accommodation for tenants. Situated on the west side, it's close to shopping, restaurants, and entertainment, making it highly desirable. The heating is efficient with a boiler system, and wall AC units provide comfort. Not only does this property offer immediate rental income, but it also holds potential for future commercial use on the land. Additionally, extra income streams are available through laundry facilities in each building, ensuring convenience for tenants and increased profitability for you as an investor. Don't miss out on this opportunity â?? check it out today!
Investment opportunity in a prime SW Sioux Falls location! This duplex features two units, each with 2 bedrooms and 2 bathrooms. Each unit includes private outdoor spaces with patios, a fenced yard, and a full-length tennis court. Perfectly positioned for convenience, this property places you within 1 mile from the grocery store, fitness centers, the Empire Mall, and a variety of restaurants. Each unit offers a comfortable layout that enhances tenant appeal, making this an excellent addition to your rental portfolio. Perfect for generating consistent rental income in a high-demand area of Sioux Falls.
The median home value in Sioux Falls, SD is $308,600. This is higher than the county median home value of $291,500. The national median home value is $338,100. The average price of homes sold in Sioux Falls, SD is $308,600. Approximately 57.08% of Sioux Falls homes are owned, compared to 37.52% rented, while 5.41% are vacant. Sioux Falls real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Sioux Falls real estate agent to arrange a tour today!
Sioux Falls, South Dakota 57106 has a population of 189,258. Sioux Falls 57106 is less family-centric than the surrounding county with 32.55% of the households containing married families with children. The county average for households married with children is 34.14%.
The median household income in Sioux Falls, South Dakota 57106 is $66,761. The median household income for the surrounding county is $66,502 compared to the national median of $69,021. The median age of people living in Sioux Falls 57106 is 34.5 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 6.3 degrees. The average rainfall is approximately 26.7 inches per year, with 37.6 inches of snow per year.