$235,000
$235,000
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301 S Wayland Ave Sioux Falls, SD 57103
5 Beds
3 Baths
2,227 SqFt
Key Details
Sold Price $235,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,227 sqft
Price per Sqft $105
Subdivision Phillips Addn To East Sioux Falls
MLS Listing ID 22500864
Bedrooms 5
Year Built 1885
Lot Size 5,806 Sqft
Property Sub-Type Duplex
Property Description
Here's your chance to step into real estate investing with this well-maintained duplex, owned by the same owner for 40 years! Whether you're looking for a house hack opportunity—live in one unit while renting out the other—or want to maximize rental income, this property offers strong potential with a projected 8% Cap Rate and $27,000+ in Gross Revenue. The duplex features two separately metered units: Unit 1 offers 3 bedrooms, 2 baths (including a master bath), and 1,552 sq. ft. of living space, while Unit 2 includes 2 bedrooms, 1 bath, and 675 sq. ft. of living space. Tenants are responsible for Electric and Gas, while the owner covers water and sewer. Additional features include three individual garage stalls for tenant convenience, a furnace and AC that were replaced just three years ago, and shingles that were updated five years ago. Some flooring and paint have also been refreshed. Located in a desirable area close to schools and parks with strong rental demand, this duplex is a fantastic investment opportunity. Don't miss out—schedule your showing today!
Location
State SD
County Minnehaha
Area Sf-C006
Interior
Heating Two or More Units, Forced Air, Natural Gas
Cooling Central Electric
Exterior
Exterior Feature Metal/Vinyl
Roof Type Other,Shingle Composition
Building
Story 3
Foundation Poured
Water City Water
Schools
Elementary Schools Eugene Field Es
Middle Schools Whittier Ms
High Schools Lincoln Hs
School District Sioux Falls
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Alpine Residential