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$374,900
Est. payment /mo
8 Beds
4 Baths
2,729 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Unit
Listing Status Active
Purchase Type For Sale
Square Footage 2,729 sqft
Price per Sqft $137
MLS Listing ID 831621
Bedrooms 8
Full Baths 4
Year Built 1915
Annual Tax Amount $3,570
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Multi-Unit
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.?
Location
State SD
County Minnehaha
Area Surrounding Areas/Other Areas
Zoning res
Multi-Unit Info
Total Units 4
Unit 1 Information SqFt: 1400; Bedroom: 3; Bathroom: 1; FullBath: 1
Unit 2 Information SqFt: 800; Bedroom: 1; Bathroom: 1; FullBath: 1
Unit 3 Information SqFt: 1400; Bedroom: 3; Bathroom: 1; FullBath: 1
Unit 4 Information SqFt: 800; Bedroom: 1; Bathroom: 1; FullBath: 1
Interior
Heating Forced Air
Cooling Window Unit
Building
Sewer City
Water City
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Listed by Gateway Real Estate Advisors
Nearby School & Business
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