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$224,900
Est. payment /mo
1,456 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,456 sqft
Price per Sqft $154
Subdivision Van Eps Addn
MLS Listing ID 22605530
Year Built 1904
Lot Size 5,806 Sqft
Property Sub-Type Duplex
Property Description
2-1 Buydown Available with Acceptable Offer -- A Smart Way to Own for Less!
Looking for a more affordable path to homeownership? This well-maintained duplex offers the opportunity to house hack by living in one unit while rental income from the other unit helps offset your monthly mortgage payment. Combined with a 2-1 interest rate buydown, this property can make homeownership significantly more budget friendly during your first two years. It also offers excellent flexibility as a potential vacation rental, or an income producing investment with a projected 9%+ cap rate.
The main level unit has been updated with new stainless steel appliances, new flooring, and fresh paint throughout, making it move in ready. The upper unit features a new water heater. The front porch and garage have been freshly painted. An expanded concrete driveway approach adds valuable off-street parking.
Located just minutes from vibrant downtown, Avera Hospital, Cherry Rock Park, and only two blocks from the bike trail, this property offers convenience for both owners and tenants.
Each unit features 2 bedrooms, 1 bathroom, custom-like kitchen cabinetry, and ceramic tile backsplashes. Separate utility meters (except water) and low-maintenance vinyl siding help keep operating costs manageable.
Whether you're looking to lower your monthly housing costs or add a strong income producing property to your portfolio with a projected 9%+ cap rate, this duplex offers flexibility, value, and long-term potential.
Affordable living, built-in income potential, and a great location make this an opportunity worth seeing.
Owner is a licensed real estate broker.
Looking for a more affordable path to homeownership? This well-maintained duplex offers the opportunity to house hack by living in one unit while rental income from the other unit helps offset your monthly mortgage payment. Combined with a 2-1 interest rate buydown, this property can make homeownership significantly more budget friendly during your first two years. It also offers excellent flexibility as a potential vacation rental, or an income producing investment with a projected 9%+ cap rate.
The main level unit has been updated with new stainless steel appliances, new flooring, and fresh paint throughout, making it move in ready. The upper unit features a new water heater. The front porch and garage have been freshly painted. An expanded concrete driveway approach adds valuable off-street parking.
Located just minutes from vibrant downtown, Avera Hospital, Cherry Rock Park, and only two blocks from the bike trail, this property offers convenience for both owners and tenants.
Each unit features 2 bedrooms, 1 bathroom, custom-like kitchen cabinetry, and ceramic tile backsplashes. Separate utility meters (except water) and low-maintenance vinyl siding help keep operating costs manageable.
Whether you're looking to lower your monthly housing costs or add a strong income producing property to your portfolio with a projected 9%+ cap rate, this duplex offers flexibility, value, and long-term potential.
Affordable living, built-in income potential, and a great location make this an opportunity worth seeing.
Owner is a licensed real estate broker.
Location
State SD
County Minnehaha
Area Sfc005
Rooms
Basement Full
Interior
Heating Two or More Units, Forced Air, Natural Gas
Flooring Carpet, Vinyl
Exterior
Exterior Feature Metal/Vinyl
Roof Type Shingle Composition
Building
Foundation Other
Sewer City Sewer
Water City Water
Schools
Elementary Schools Susan B Anthony Es
Middle Schools Patrick Henry Ms
High Schools Lincoln Hs
School District Sioux Falls
Others
Miscellaneous Individual Heat and Air,Individual Water Heater,Separate Meters
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LIsted by Savings Real Estate & Apprsl • Dave Holmoe
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