Sioux Falls, SD 57103,109 N Wayland Ave
Sioux Falls, SD 57103,109 N Wayland Ave
Sioux Falls, SD 57103,109 N Wayland Ave
Sioux Falls, SD 57103,109 N Wayland Ave
Sioux Falls, SD 57103,109 N Wayland Ave
Sioux Falls, SD 57103,109 N Wayland Ave
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$ 450,000
Est. payment | /mo

1 Bed

5 Baths

2,100 SqFt


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$ 450,000
Est. payment | /mo
Save

1 Bed

5 Baths

2,100 SqFt

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

Acres 0.1141

Lot Dimensions .12

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

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling Central Electric

Appliance Refrigerator, Oven/Range

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

Sioux Empire MLS (RASE)
Listed by Keller Williams Realty Sioux Falls • Greg T Doohen
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109 N Wayland Ave