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$174,900
Est. payment /mo
2,020 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,020 sqft
Price per Sqft $86
Subdivision Rudolph
MLS Listing ID 22608134
Year Built 1955
Annual Tax Amount $2,503
Lot Size 7,884 Sqft
Property Sub-Type Triplex
Property Description
Turnkey income property in Canton! This fully occupied triplex sits just off Highway 18 for an easy commute to Sioux Falls and the surrounding area. It frequently has long-term tenants and a history of staying full, with 100% occupancy and no delinquent rent payments.
The unit mix is one 2 bed/1 bath and two 1 bed/1 bath units, including a large 1 bedroom. Current rents total $1,810/month ($21,720/year), and net operating income for the trailing 12 months was $13,887.80. That's a 7.9% cap rate at list price. Current rents sit below comparable Canton rentals, so there's an opportunity to adjust to market rents. A new owner could also switch to coin-operated laundry for additional income.
Each unit has its own electric meter, paid by the tenants, and hot water baseboard heat. The property also has 3 off-street parking spaces, a large backyard, and a deck. A rent roll and income and expense summary are available. Don't miss this opportunity to add a steady performer to your portfolio!
The unit mix is one 2 bed/1 bath and two 1 bed/1 bath units, including a large 1 bedroom. Current rents total $1,810/month ($21,720/year), and net operating income for the trailing 12 months was $13,887.80. That's a 7.9% cap rate at list price. Current rents sit below comparable Canton rentals, so there's an opportunity to adjust to market rents. A new owner could also switch to coin-operated laundry for additional income.
Each unit has its own electric meter, paid by the tenants, and hot water baseboard heat. The property also has 3 off-street parking spaces, a large backyard, and a deck. A rent roll and income and expense summary are available. Don't miss this opportunity to add a steady performer to your portfolio!
Location
State SD
County Lincoln
Area Sf90
Rooms
Basement Full
Interior
Heating Baseboard
Flooring Carpet, Vinyl, Concrete, Laminate
Exterior
Exterior Feature Part Brick
Roof Type Other
Building
Sewer City Sewer
Water City Water
Schools
Elementary Schools Lawrence Elementary School - Canton School District 41-1
Middle Schools Canton Ms
High Schools Canton Hs
School District Canton 41-1
Others
Miscellaneous Separate Meters
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LIsted by Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls • Chad Theisen
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