$675,000

Multi Family Home

  • 5,832 Sqft
  • 7,406 Sqft lot
  • Updated: April 8
  • 1
    Views for last 30 days
  • MLS#22602400

About the Property

Positioned in a convenient central Sioux Falls location, this well-maintained 6-plex presents a strong investment opportunity with reliable in-place income and future upside potential. The property features a desirable mix of 1- and 2-bedroom units, appealing to a broad tenant base and supporting consistent occupancy.
Recent improvements enhance both functionality and tenant satisfaction, whil
Positioned in a convenient central Sioux Falls location, this well-maintained 6-plex presents a strong investment opportunity with reliable in-place income and future upside potential. The property features a desirable mix of 1- and 2-bedroom units, appealing to a broad tenant base and supporting consistent occupancy.
Recent improvements enhance both functionality and tenant satisfaction, while additional income is generated through on-site laundry. Tenants also enjoy the convenience of garage parking, along with added off-street parking accessible via the alley.
For investors, this is a stabilized small multifamily asset offering steady cash flow today with opportunities to further increase returns through rent optimization and operational efficiencies. A practical, income-producing property with long-term potential.
  • Property type

    House

  • Year built

    1971

  • Price/sqft

    $115

Features

  • Garage
  • Investment Property
  • Parking
  • Laundry Room

Explore the Area

1011 S 2nd Ave, Sioux Falls, SD 57105, South Dakota, United States View on Google Maps
Price per sqft
Low
High

View 38 more listings in Sioux Falls

Better Homes and Gardens Real Estate Beyond

Joined 5 years ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

Better Homes and Gardens Real Estate Beyond
South Dakota, United States
View agency profile
8
Listings
2022
Joined

Book home tour with the agent

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
Better Homes and Gardens Real Estate Beyond
Sioux Falls, South Dakota, United States
View agency profile
Last updated
April 8
First listed
Apr 8
Listing reference
749mnv
Call

Start phone call with:

Hello, I’m calling for the property with the reference 749mnv, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.

brokerages we
partnered with