1011 S 2nd Ave
Property Description
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.
Broker Details
Better Homes and Gardens Real Estate Beyond (605) 413-7522
MLS ID: 765512348
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $675,000 |
| No. of Units: | 6 |
| Year Built: | 1971 |
| Lot Size: | 5,832.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $112,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 6 |
ID: 3yd-RASESD-22602400
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