Details
$1,300,000
Multi-Family
- Property ID: 831622
- Total Sq. Ft.: 13404 Sq Ft
- Year Built: 1993
- Property Status: For Sale
- Taxes: $14500
- Garage Spaces: 6
Description
2805-09 E Bragstad Dr presents a rare opportunity to acquire two side-by-side tri-plexes in Sioux Falls, SD, offering scale, strong in-place income, and value-add potential. The property consists of six total units, with four units recently renovated and two units remaining unrenovated, providing a clear path for future rent growth. The two unrenovated units are occupied by long-term tenants who have been in place prior to 2020, offering stable cash flow. While not fully updated, these units received new basement flooring in 2024, reducing near-term capital needs while preserving upside through future renovations. Unit mix: Outside units: 4 Bed, 2.5 Bath Middle units: 3 Bed, 2.5 Bath The property also features six garage stalls located behind the buildings, enhancing tenant appeal.
MLS Information
| Above Grade Square Feet | 1 |
| Association Fee | 2 |
| Below Grade Finished Square Feet | 6702 |
| Contingency Type | None |
| County | Minnehaha |
| Garage Type | Detached |
| Legal Description | Lot 2 Block 5 KLONDIKE ADDN TO CITY OF SIOUX FALLS |
| Lot Size Dimensions | 8640 |
| Main Square Feet | 6702 |
| Rental Income | 125400 |
| Rented | Yes |
| Tax Year | 2024 |
| Units | 6 |
| Water Type | City |
| Zoning | res |
MLS#: 831622; Listing Provided Courtesy of Gateway Real Estate Advisors (712-226-8000) via Northwest Iowa Regional Board of REALTORS. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
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