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33282251
33282250

2601 S Norton Avenue, Sioux Falls, SD 57105-4717

$775,000
3 days on market
Updated 3 days ago

2601 S Norton Avenue

Details
APN 47021
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,534
Units 9
Beds 3
Tenancy Multi
Year Built 2020
Lot Size (SqFt) 13,332
Zoning RD-2
Investment Type Stabilized

Multifamily | 9 Units

Marketing description

This listing presents a rare opportunity to own a newer multi-family property in the heart of Sioux Falls near Augustana University. The property consists of a 2-story building with three apartments each having a separate entrance. Each apartment has 3 bedrooms and 2 1/2 baths (1/2 on main floor and 2 full baths on upper level). There are in-unit washers and dryers. There is an outstanding rental history with all three tenants having renewed their lease at least twice. Each unit has an attached 792 sq. ft. single garage and there is an additional parking pad in the rear of the property. Tenants pay gas, electric and cable/internet, and landlord pays snow removal, lawn mowing, water, sewer and garbage. Forced air heat and central air. The yard is irrigated. A member of the ownership group is a licensed broker in South Dakota.

Investment highlights

  • Rare opportunity to own a newer multi-family property in the heart of Sioux Falls near Augustana University
  • 2-story building with three apartments each having a separate entrance
  • Each apartment has 3 bedrooms and 2 1/2 baths
  • In-unit washers and dryers
  • Outstanding rental history with all three tenants having renewed their lease at least twice
  • Each unit has an attached 792 sq. ft. single garage
  • Additional parking pad in the rear of the property
  • Tenants pay gas, electric and cable/internet
  • Landlord pays snow removal, lawn mowing, water, sewer and garbage
  • Forced air heat and central air
  • Irrigated yard

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