514 W 2nd Ave, Mitchell, SD 57301

Outstanding Investment Opportunity with Seller-Estimated Potential for a 10% Cap Rate!Don't miss this exceptional income-producing property that the seller estimates has the potential to achieve approximately a 10% cap rate based on projected income and expenses. This spacious property features numerous updates, including newer siding, roof, and windows in 2014, kitchen improvements on the main level and updated flooring in the past 2-3 years. Each unit has a separate entrance and offers generous living space and excellent rental income potential. The main-floor unit features a separate dining room, a cozy wood-burning stove in the living area, and a spacious primary suite complete with a private half bath and a large walk-in closet. The upper-level unit offers large bedrooms, a spacious living area, and an inviting eat-in kitchen. The basement provides additional functional living space, complete with a kitchenette and a three-quarter bathroom. Bedroom is non-conforming. Outside, you'll appreciate the 2-stall 26 x 26 detached garage and additional rear parking with convenient alley access, a partially fenced yard and beautiful flower and vegetable gardens that enhance the property's charm and appeal. Whether you're looking to expand your investment portfolio or occupy one unit while generating income from the others, this property offers exceptional value, space, and income potential. Schedule your showing today!