Description
This fourplex offers an investment opportunity in a highly sought-after location. Conveniently situated near the Empire Mall, one of Sioux Falls' largest shopping centers, the property is also within close proximity to Louise Avenue, which features a wide range of restaurants, grocery stores, and specialty shops. Additionally, Sanford and Avera healthcare facilities are just a short drive away. The building includes four units, comprising one 2-bedroom, 1-bathroom units and three 2-bedroom, 1.5-bathroom units. The landlord covers the cost of heat (via boiler), common area electricity, water, sewer, trash, repairs and maintenance, lawn care, and snow removal. Residents are responsible for their electricity, phone, cable, and internet services. The property also features coin-operated laundry facilities. Each unit is provided with a garage, which is currently included in the rent. The current owners have owned the property since 2011, with a new roof installed in 2015. The property boasts a consistent history of strong occupancy. Please note: The owners are unable to close or transfer ownership of the property until 2025.
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0BEDS
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0.36ACRES
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0BATHS
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01/2 BATHS
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4,656SQFT
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$97$/SQFT
School Information
Description
This fourplex offers an investment opportunity in a highly sought-after location. Conveniently situated near the Empire Mall, one of Sioux Falls' largest shopping centers, the property is also within close proximity to Louise Avenue, which features a wide range of restaurants, grocery stores, and specialty shops. Additionally, Sanford and Avera healthcare facilities are just a short drive away. The building includes four units, comprising one 2-bedroom, 1-bathroom units and three 2-bedroom, 1.5-bathroom units. The landlord covers the cost of heat (via boiler), common area electricity, water, sewer, trash, repairs and maintenance, lawn care, and snow removal. Residents are responsible for their electricity, phone, cable, and internet services. The property also features coin-operated laundry facilities. Each unit is provided with a garage, which is currently included in the rent. The current owners have owned the property since 2011, with a new roof installed in 2015. The property boasts a consistent history of strong occupancy. Please note: The owners are unable to close or transfer ownership of the property until 2025.
Listing provided courtesy of Jeffrey Brooks of Brooks Commercial Real Estate: 605-261-2215. © 2024 REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.