1011 S 2nd Ave, Sioux Falls, SD 57105-0849
- $675,000
- 5,832
- SqFt
- List Price
- $675,000
- MLS#
- 22602400
- Living Area
- 5,832
- Lot Size
- 7,501
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.
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Additional Information
- School District
- SiouxFalls
- Middle School
- Patrick Henry MS
- High School
- Lincoln HS
- Elementary School
- Susan B Anthony ES
- Acres
- 0.17
- Appliances
- Refrigerator, Range, Dishwasher
- Basement
- Full
- Foundation
- Block
- Heating
- Natural Gas
- Living Area
- 5,832
- Lot Size
- 7,501
- Number Of Units
- 6
- Possession
- Negotiable
- Roof
- Tar/Gravel
- Sewer
- Public Sewer
- Stories
- 2
- Subdivision
- Boulevard Addn
- Water
- Public
- Year Built
- 1971
- Zoning
- Other
Courtesy of Kim Hofer from Better Homes and Gardens Real Estate Beyond.
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