109 N Wayland Ave Save Request In-Person Tour Request Virtual Tour
Sioux Falls,SD 57103
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $214
Subdivision East Sioux Falls Addn
MLS Listing ID 22404927
Bedrooms 1
Year Built 1934
Lot Size 4,970 Sqft
Property Description
Welcome to 109 N Wayland Ave, Sioux Falls, SD Discover an exceptional investment opportunity in the heart of Sioux Falls with this well-maintained fully rented 5-plex. The units consist of 4 studio 1 bath apartments and one 1 bed and a 1 bathroom unit, perfect for singles or couples seeking comfort and convenience. Property Highlights: -New furnace and AC in 2023 -Income Potential: Benefit from a 7% Cap Rate, ensuring a reliable and steady income stream. -Newly Renovated Units in 2022- FULLY occupied! - New AC and Furnace in 2023 -Prime Location: Nestled in a convenient neighborhood, residents will enjoy easy access to shopping, parks, and the vibrant downtown area. -Parking & Storage: Ample off-street parking for tenants, complemented by a detached 2-stall garage that offers additional convenience and potential for extra income. This 5-plex is a rare find and a golden opportunity for savvy investors. Don’t miss out on owning a valuable piece of real estate in Sioux Falls!
Location
State SD
County Minnehaha
Area Sf-C006
Interior
Heating Natural Gas
Cooling Central Electric
Exterior
Exterior Feature Stucco/Drivit
Roof Type Shingle Composition
Building
Story 2
Foundation Poured
Water City Water
Schools
Elementary Schools Terry Redlin Es
Middle Schools Whittier Ms
High Schools Lincoln Hs
School District Sioux Falls