16
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$225,000
Est. payment /mo
1,836 SqFt
Price Dropped by $7K
605 S Spring Ave Sioux Falls, SD 57104
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,836 sqft
Price per Sqft $122
Subdivision Grigsby Addn
MLS Listing ID 22607506
Year Built 1890
Annual Tax Amount $2,418
Lot Size 5,519 Sqft
Property Sub-Type Triplex
Property Description
Investment opportunity near downtown Sioux Falls! This updated triplex offers great cash-flow potential with three separate units and several recent improvements. Unit 1 features a 1-bedroom, 1-bath studio-style layout. Unit 2 offers 1 bedroom and 1 bath and was recently refreshed with all-new flooring and additional updates. Unit 3 is the largest of the three, featuring 2 bedrooms and 1 bath. All three units have been updated, making this property an attractive addition to an investment portfolio. Each unit has its own separate electric meter and supplemental heat, while a brand-new furnace located in the basement provides additional heat throughout the property. A new roof was installed in 2023, providing another important recent improvement. Tenants will appreciate the off-street parking located at the rear of the property. Conveniently located near downtown Sioux Falls with easy access to shopping, dining, entertainment, employment and other amenities.
Whether you're looking to expand an existing rental portfolio or enter the investment property market, this triplex offers three income-producing units in one convenient location.
Whether you're looking to expand an existing rental portfolio or enter the investment property market, this triplex offers three income-producing units in one convenient location.
Location
State SD
County Minnehaha
Area Sfc004
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Flooring Carpet, Vinyl
Exterior
Exterior Feature Metal/Vinyl
Roof Type Shingle Composition
Building
Foundation Block
Sewer City Sewer
Water City Water
Schools
Elementary Schools Lowell Es
Middle Schools George Mcgovern Ms - Sioux Falls
High Schools Thomas Jefferson High School
School District Sioux Falls
Others
Miscellaneous Individual Heat and Air,Multi Unit Heat and Air,Separate Meters
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LIsted by Real Estate Retrievers of Sioux Falls • Callie Wockenfuss • Cell: 605-864-0355
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