1011 S 2nd Ave
Multifamily | 6 Units | $112,500/unit
Marketing description
Positioned in a convenient central Sioux Falls location, this well-maintained 6-plex presents a strong investment opportunity with reliable in-place income and future upside potential. The property features a desirable mix of 1- and 2-bedroom units, appealing to a broad tenant base and supporting consistent occupancy.
Recent improvements enhance both functionality and tenant satisfaction, while additional income is generated through on-site laundry. Tenants also enjoy the convenience of garage parking, along with added off-street parking accessible via the alley.
For investors, this is a stabilized small multifamily asset offering steady cash flow today with opportunities to further increase returns through rent optimization and operational efficiencies. A practical, income-producing property with long-term potential.
Investment highlights
Investment Highlights
- 6-unit multifamily investment opportunity
- Stabilized asset with strong in-place cash flow
- Desirable unit mix of 1- and 2-bedroom apartments
- Proven tenant demand with broad renter appeal
- Recent property improvements enhancing value and livability
- Additional income stream from on-site laundry
- Garage parking plus off-street alley access parking
- Low-maintenance, efficient asset size for ease of management
- Opportunity for rent growth and operational upside
- Attractive entry point for both new and seasoned investors
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