- $374,900
Details
$374,900
Multi-Family
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Property ID 831621
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Total Sq. Ft. 2729 Sq Ft
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Acres 0.09 Acres
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Year Built 1915
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Property Status For Sale
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Taxes $3570
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.?
MLS Information
| Air Conditioner Type | Window Unit |
| Below Grade Finished Square Feet | 0 |
| Contingency Type | None |
| County | Minnehaha |
| Heat Type | Forced Air |
| Legal Description | LOT 20 (EX W 55') BLOCK 2 GREATER SIOUX FALLS ADDN TO CITY OF SIOUX FALLS |
| Lot Size Dimensions | 4081 |
| Main Square Feet | 2729 |
| Rental Income | 50350 |
| Rented | Yes |
| Tax Year | 2024 |
| Units | 4 |
| Water Type | City |
| Zoning | res |
MLS#: 831621; 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.