Type: Private
Price: $499,900
Location: Sioux Falls, South Dakota, SD
Address: 1820 S DULUTH AVE, SD
Zip: 57105
Size: 4639 square feet
Property size: 8665 square feet
Condition: Used
Don't miss this investment opportunity!
This two story six plex is conveniently located near colleges, hospitals, and shopping. Each unit is a one bedroom and one bathroom and has access to coin-operated laundry on site. A 4 stall detached garage with new roof in May 2022 is located next to the building which is currently included in rent. Additional
income could be generated by renting them out separately. Tenants pay electricity. Owner currently pays gas, trash, lawn care, snow removal, water & sewer cost. RUBS program just started that bills trash, water and sewer, and gas back to the tenants.
This has the potential to create an additional annual cashflow of approximately $4,586 annually. New flooring, paint, and light fixtures as tenants have moved out to update the property and increase rents over the last two years. Renter’s insurance in place for all tenants setting this property up for great future growth!
