Sioux Falls, SD 57103,301 S Wayland Ave
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Sioux Falls, SD 57103,301 S Wayland Ave
Sioux Falls, SD 57103,301 S Wayland Ave
Sioux Falls, SD 57103,301 S Wayland Ave
Sioux Falls, SD 57103,301 S Wayland Ave

$235,000

Est. payment /mo

$235,000

Est.Price: ?

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301 S Wayland Ave Sioux Falls, SD 57103

5 Beds

3 Baths

2,227 SqFt

SOLD DATE : 03/17/2025

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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Sioux Empire MLS (RASE)
Listed by AMERI/STAR Real Estate, Inc. • Matt Mulder
Bought with Alpine Residential

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