701 815 S Lyons Ave. Sioux Falls, SD 57106 $3,200,000
48 units in 6 two-story buildings located on the northeast corner of Lyons Avenue and Edmund Avenue. Unit mix includes: 8 one-bedroom, one bath units (765 sq ft), 17 two-bedroom, one bath units (866 sq ft) and 23 three-bedroom, two bath units (1,084 sq ft). New roofs, new siding, new facia, new onsite office and new landscaping all completed in 2015!! Unit amenities include central air, breakfast bar, cable ready, carpeting, dining room, dishwasher, eat in kitchen, extra storage, fully equipped kitchen, internet, master bedrooms, mini-blinds, spacious bedrooms and washer and dryers hookups in each unit. Community amenities include handicap units, lawn care, playground, snow removal, separate outside entrances to each unit, storage space and shared yard/green space. Detached garages include six individual buildings housing a total of 28 garages and on-site paved parking. Tenants pay electric, cable and phone. Landlord pays for gas, water, sewer, trash and grounds.
MLS#: 21800634 Beds: Full Baths: Sq. Ft: 53588
925 S Newcomb Ave. Sioux Falls, SD 57106 $1,525,000
This 18 unit property consists of two side by side 4 plex buildings @ 931 & 937 So. Newcomb Ave. that are 4,620’ Sq. feet each & one Ten Plex building @ 925 So. Newcomb Ave. that is 8’940’ Sq. feet. All three buildings were built in 2002 & include 13 detached garages. All apartments have their own furnaces & central air units & water heaters that save utility expenses for the owners. The 4 plex buildings feature 2 bedrooms & 2 bathrooms & their own private laundry in each apartment. The 10 plex building features 2 bedrooms & 1 bathroom & private laundry. All buildings have new shingles from 2014 & the 4 plexes have new siding & outside air units from 2014. West side location that backs up to The Country Club golf course.
MLS#: 21706083 Beds: Full Baths: Sq. Ft: 18180
408 N Sioux Blvd. Brandon, SD 57005 $1,295,000
Attention Investors! Rare opportunity! Three 4 plexes for sale on one legal description. Two of the three buildings were built in 2016 & 2017. (All currently rented). The third is currently under construction. (February completion). All units are 2 bedroom, 1 bath units with attached single garages. Tenants pay all utilities except garbage. All appliances with washer/dryer are included. Building addresses are 404, 408 & 412 N Sioux Blvd.
MLS#: 21706916 Beds: Full Baths: Sq. Ft: 3784
309 E 6th Ave. Lennox, SD 57039 $675,000
Investment Opportunity! 2 four-plexes with garages located in Lennox. Extra lot with the possibility to build another 4-plex included in this price. Each unit has three two bedroom units and one three bedroom unit.
MLS#: 21706650 Beds: Full Baths: Sq. Ft: 4200
500 W Acres Dr. Valley Springs, SD 57068 $485,000
New Reduced Price!! West Acres Apartments for sale in Valley Springs, SD! Property is comprised of eight (8) spacious two-bedroom, one-bathroom units. Tenants pay for natural gas, electric, phone, cable and internet. Landlord pays for water, sewer, trash, repairs and grounds. Central air conditioning and forced air furnace. Washer and dryer in each unit. Ten (10) garages and ample off street parking. Valley Springs, SD is located in Minnehaha county and has a population of 767 (Estimate 2015). Valley Springs is nestled just a couple miles south of I-90 in Southeastern South Dakota and just 15 minutes from Sioux Falls, SD (South Dakota's largest city).
MLS#: 21702658 Beds: Full Baths: Sq. Ft: 10440
3861 N Galaxy Ln. Sioux Falls, SD 57107 $475,000
Newer 4-plex in Northwest Sioux Falls. Two upper and two lower units with private entrances, 2 bedrooms, 1 bath, in unit laundry and single car garage.
MLS#: 21706652 Beds: Full Baths: Sq. Ft: 4352
2805 E Bragstad Dr. Sioux Falls, SD 57103 $375,000
Triplex units located on the east side. Fully occupied with great rent history. Hard to find 3 and 4 bedroom units with 3 bath in each unit. W/D included in each unit. Shingles were replaced in 2014 and porches stained in 2017. Detached garages included in rent with off street parking. Listing Agent is a member of the selling entity.
MLS#: 21706254 Beds: Full Baths: Sq. Ft: 5051
2809 E Bragstad Dr. Sioux Falls, SD 57103 $375,000
Triplex units located on the east side. Fully occupied with great rent history. Hard to find 3 and 4 bedroom units with 3 bath in each unit. W/D included in each unit. Shingles were replaced in 2014 and porches stained in 2017. Detached garages included in rent with off street parking.Listing Agent is a member of the selling entity.
MLS#: 21706255 Beds: Full Baths: Sq. Ft: 5051
200 E 3rd St. Colton, SD 57018 $350,000
Ten (10) unit multifamily portfolio for sale in Colton, SD! The Colton Apartments (aka Community Housing, Inc.) were built in 1969 and 1971. The portfolio is comprised of six (6) one-bedroom, one-bathroom units and four (4) two-bedroom, one-bathroom units. Both properties were renovated in 2000. The Colton Apartments consists of two properties: 200 E. 3rd Street (5 units) (Parcel ID #: 21556) and 502 S. Minnesota Avenue (5 units) (Parcel ID #: 21659). Tenants pay for electric, phone, cable & internet. Landlord pays for gas, water, sewer, trash, repairs and grounds. Through the wall air conditioners and gas (boiler) baseboard heat. Stackable washer and dryer in each unit. Off-street parking. The Montrose Apartments were developed under the USDA Rural Development Section 515 Program. Tenants receiving Rental Assistance pay no more than 30% of their adjusted income for rent. With an acceptable offer, the property can be taken out of the USDA Rural Development program.
MLS#: 21707494 Beds: Full Baths: Sq. Ft: 6640
115 N Kimball St. Canton, SD 57013 $289,900
There aren't many opportunities to invest in rental properties with maintenance and rental history like this property. There are very few vacancies and the property is well maintained. It is located near the heart of Canton and has easy access to everything. Each unit has two bedrooms and 1 bath and there is a coin op laundry in the common area. There are two more buildings that are identical to this one and owned by the same seller that could be purchased as well.
MLS#: 21800246 Beds: Full Baths: Sq. Ft: 3750