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$ 900,000
Est. payment | /mo
8,784 SqFt
$ 900,000
Est. payment | /mo
8,784 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,784 sqft
Price per Sqft $102
Subdivision Riverview Addn
MLS Listing ID 22508662
Year Built 1962
Property Sub-Type Other
Property Description
Fantastic Investment Opportunity – 10-Unit Apartment Property.
Discover a strong-performing multifamily investment located at 1201 & 1205 S Blaine Ave in Sioux Falls. This offering includes two separate apartment buildings totaling 10 units—ideal for buyers seeking portfolio growth, value-add potential, or flexible resale options in the future.
The first building features 4 units, and the second offers 6 units. Together, the properties include eight 2-bed/1-bath units and two 1-bed/1-bath units, providing a desirable mix for consistent occupancy. Because the parcels are individually platted, a buyer could explore purchasing or financing them separately. Owner-occupied buyers interested in alternative financing may also consider verifying whether the 4-unit building qualifies for South Dakota Housing financing (low down payment options).
Current rents sit slightly below market, offering immediate upside for an investor. Even greater returns could be achieved through self-management, creating additional cash flow.
Offered at $900,000 for both properties, this is a rare opportunity to acquire stable, well-located rental units with strong long-term potential. Perfect for both new investors and seasoned owners looking to expand their holdings. 1201 building had a new roof in 2022 and the other roof is estimated at less than 10 years old.
Financials are available upon request from the broker.
One or more of the owners is a licensed real estate broker in South Dakota.
Discover a strong-performing multifamily investment located at 1201 & 1205 S Blaine Ave in Sioux Falls. This offering includes two separate apartment buildings totaling 10 units—ideal for buyers seeking portfolio growth, value-add potential, or flexible resale options in the future.
The first building features 4 units, and the second offers 6 units. Together, the properties include eight 2-bed/1-bath units and two 1-bed/1-bath units, providing a desirable mix for consistent occupancy. Because the parcels are individually platted, a buyer could explore purchasing or financing them separately. Owner-occupied buyers interested in alternative financing may also consider verifying whether the 4-unit building qualifies for South Dakota Housing financing (low down payment options).
Current rents sit slightly below market, offering immediate upside for an investor. Even greater returns could be achieved through self-management, creating additional cash flow.
Offered at $900,000 for both properties, this is a rare opportunity to acquire stable, well-located rental units with strong long-term potential. Perfect for both new investors and seasoned owners looking to expand their holdings. 1201 building had a new roof in 2022 and the other roof is estimated at less than 10 years old.
Financials are available upon request from the broker.
One or more of the owners is a licensed real estate broker in South Dakota.
Location
State SD
County Minnehaha
Area Sfe008
Exterior
Roof Type Shingle Composition
Building
Sewer City Sewer
Water City Water
Schools
Elementary Schools Susan B Anthony Es
Middle Schools Patrick Henry Ms
High Schools Lincoln Hs
School District Sioux Falls
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LIsted by Bender REALTORS • Rob Kurtenbach
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "