809 S Sherman Ave new Save Request In-Person Tour Request Virtual Tour
Sioux Falls,SD 57104
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 529 sqft
Price per Sqft $2,126
Subdivision Van Eps Addn
MLS Listing ID 22506187
Year Built 1977
Lot Size 0.667 Acres
Property Sub-Type Other
Property Description
Attention investors! 14-plex all on one level complete with common area lobby and off-street parking! All units are 1 bed / 1 bath. No stairs in this mostly brick building. Enjoy the ease and efficiency of owning 14 ground-level apartments in one structure! Property is currently enrolled in HUD Section 8 Senior (62+) income assistance program and will be 100% occupied as of Sept 1st. HUD has increased rents annually to the current level of $793 per month. Landlord currently pays all utilities. Coin operated laundry. New roof in 2017. Current owner has been updating flooring in units as tenancy allows. No for sale sign on property. Buyer agrees to comply with a possible 1031 exchange. Seller prefers to close after Jan 1st, 2026.
Location
State SD
County Minnehaha
Area Sf-C005
Interior
Heating Hot Water,Natural Gas
Cooling Window Unit
Exterior
Exterior Feature Part Brick,Metal/Vinyl
Roof Type Shingle Composition
Building
Story 1
Foundation Slab-on-Grade
Water City Water
Schools
Elementary Schools Susan B Anthony Es
Middle Schools Patrick Henry Ms
High Schools Lincoln Hs
School District Sioux Falls