$265,000
$265,000
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915 W 15th St Sioux Falls, SD 57104
6 Beds
2 Baths
2,808 SqFt
Key Details
Sold Price $265,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,808 sqft
Price per Sqft $94
Subdivision Folsom 2Nd Addn
MLS Listing ID 22407308
Bedrooms 6
Year Built 1923
Lot Size 3,301 Sqft
Property Sub-Type Duplex
Property Description
Attention Please: If you are looking to build wealth through real estate, this property deserves your SERIOUS consideration! You just found the ultimate House Hack! Bringing the rent rates up to match the market area, has created an 8.6% Cap Rate, making this a fabulous addition to your rental portfolio! If you've never owned an investment property before, here's your opportunity to give the landlord life a whirl and see what passive income is all about. This is literally the PERFECT PROPERTY to create generational wealth. Not only is there a well established rental history here with rare vacancy since 2018, but each unit has 3 bedrooms (all on the same level), large living room, dining room, remodeled kitchen, hardwoods on the main, full bath, rear entry, enclosed front porch with french doors, full basement and their own washer and dryer. Both Central Air units were new in 2020, Furnaces are 2014 & 1992, Roof 2016, Kitchen Remodels 2019, Windows 2019, Sewer Stack 2024, Interior & Exterior paint 2019.
Location
State SD
County Minnehaha
Area Sf-C004
Interior
Heating Two or More Units, Forced Air, Natural Gas
Cooling Central Electric, Other
Exterior
Exterior Feature Wood
Roof Type Shingle Composition
Building
Story 2
Foundation Poured
Water City Water, Separate Meters
Schools
Elementary Schools Lowell Es
Middle Schools Edison Ms
High Schools Roosevelt Hs
School District Sioux Falls
Others
Acceptable Financing FHA
Listing Terms FHA
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Bought with Home Match Realty