201 N French Ave
Property Description
201 N French Ave presents a compelling four-unit multifamily investment opportunity in Sioux Falls, South Dakota.? This 4-plex offers a mix of two 1-bed/1-bath and two 3-bed/1-bath units, broadening tenant appeal and reducing turnover risk.? Three units are already renovated, with the fourth in progress, meaning much of the capital work is already done.? At a reduced price, this is a well-positioned value-add opportunity for investors looking to scale their multifamily portfolio in Sioux Falls.? This mixed unit configuration offers ownership flexibility to hold for cash flow or build on renovation momentum, making it an efficient way to scale a multifamily portfolio at a reduced price.? The building has also benefited from a new roof installed in 2022, significantly reducing near-term capital expenditures and enhancing long-term durability.? Located in an established Sioux Falls neighborhood with convenient access to employment centers, retail, and daily amenities, 201 N French Ave offers investors a well-maintained asset with a proven rental profile and continued upside potential.?
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $374,900 |
| No. of Units: | 4 |
| Year Built: | 1915 |
| Lot Size: | 2,729.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $93,725 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 4 |
ID: 3yd-NWIBRIA-831621
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