Nicely updated Triplex Fully Rented sitting at a 6+% CAP rate. Some tenants are month to month so you could open a unit for a primary residence. Sits on a 2/3 of an acre lot with plenty of room to expand and add on. This property is conveniently located walking distance from Pioneer Spray Park and Laura B Anderson Elementary School. Built in 1974, this building is approximately 3800 sq ft with a detached 480 sq ft double-car heated and cooled garage. Each unit is a 3 bed 1.5 bath with a private front and back entry containing approximately 1265 sq ft. Radiant Heat, Spit System AC, Energy efficient windows, insulated siding, and storm doors, surveillance system, large parking lot, sizable private backyard with multiple patios, vegetable garden, and a play ground. Each unit is equipped with W/D hoop up, range, microwave, refrigerator, updated kitchen, hardwood floor, laminate, and tile through out. Individually metered for electric. Could make a great addition to your existing rental portfolio or an excellent entry level rental investment. Also, it could qualify for a first time home buyer. Zoning and the size of the property allows for a second like building. There are many opportunities with this property and you can truly make it your own. Don't let this opportunity pass you by in a growing Sioux Falls. Fell free to call or text with question and to schedule a showing. I dont need help listing this property I will pay a buyers agent 3% if they want to do the paperwork.
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