201 N French Ave, Sioux Falls, SD

Name: 201 N French Ave, For Sale in Sioux Falls - Zoocasa
Brand: Gateway Real Estate Advisors
SKU: 831621
Price: 374900 USD

House

For Sale

Listed price in listed location currency (USD).

$374,900

000

MLS® 831621

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size -

Garage

Taxes $3,570

Days Active 177

Lot Size 0.09 Acres

Approx. Age 1915

MLS® Number 831621

Property Address: 201 N French Ave, Sioux Falls, SD, 57103-1357

Average square foot calculated using Size range provided by listing agent.

Description

201 N French Ave presents a compelling four-unit multifamily investment opportunity in Sioux Falls, South Dakota.? This 4-plex offers a mix of two 1-bed/1-bath and two 3-bed/1-bath units, broadening tenant appeal and reducing turnover risk.? Three units are already renovated, with the fourth in progress, meaning much of the capital work is already done.? At a reduced price, this is a well-positioned value-add opportunity for investors looking to scale their multifamily portfolio in Sioux Falls.? This mixed unit configuration offers ownership flexibility to hold for cash flow or build on renovation momentum, making it an efficient way to scale a multifamily portfolio at a reduced price.? The building has also benefited from a new roof installed in 2022, significantly reducing near-term capital expenditures and enhancing long-term durability.? Located in an established Sioux Falls neighborhood with convenient access to employment centers, retail, and daily amenities, 201 N French Ave offers investors a well-maintained asset with a proven rental profile and continued upside potential.?

MLS® Number831621

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1915

Basement

Driveway

Garage Spaces

HeatForced Air

A/CWindow Unit

Extras

Map

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