1426 E 17th StSioux Falls, SD 57104

Description

2-1 Buydown Available with Acceptable Offer -- A Smart Way to Own for Less! Looking for a more affordable path to homeownership? This well-maintained duplex offers the opportunity to house hack by living in one unit while rental income from the other unit helps offset your monthly mortgage payment. Combined with a 2-1 interest rate buydown, this property can make homeownership significantly more budget friendly during your first two years. It also offers excellent flexibility as a potential vacation rental, or an income producing investment with a projected 9%+ cap rate. The main level unit has been updated with new stainless steel appliances, new flooring, and fresh paint throughout, making it move in ready. The upper unit features a new water heater. The front porch and garage have been freshly painted. An expanded concrete driveway approach adds valuable off-street parking. Located just minutes from vibrant downtown, Avera Hospital, Cherry Rock Park, and only two blocks from the bike trail, this property offers convenience for both owners and tenants. Each unit features 2 bedrooms, 1 bathroom, custom-like kitchen cabinetry, and ceramic tile backsplashes. Separate utility meters (except water) and low-maintenance vinyl siding help keep operating costs manageable. Whether you're looking to lower your monthly housing costs or add a strong income producing property to your portfolio with a projected 9%+ cap rate, this duplex offers flexibility, value, and long-term potential. Affordable living, built-in income potential, and a great location make this an opportunity worth seeing. Owner is a licensed real estate broker.

Property Information

Property type

Residential Income

Sub-type

Duplex

Year built

1904

Living area

1,456 Sq Ft

Lot size

0.13 acres

Lot dimensions

68 X 88

Zoning

Not Verified

Days on market

68

MLS^® Listing#

22605530

Property Features

Appliances

Refrigerator · Range · Water Heater

Cooling

Window Unit(s)

Heating

Forced Air · Natural Gas

Flooring

Carpet · Vinyl

Basement

Full · Unfinished

Parking

Detached

Patio

Patio

Construction

Vinyl Siding

Foundation

Other

Roof

Composition

Windows

Window Coverings

Security

Smoke Detector(s)

Sewer

Public Sewer

Water source

Public

Parcel number

51089

Schools

Elementary

Susan B Anthony ES

Middle

Patrick Henry MS

High

Lincoln HS

Directions

East from Cliff Avenue on 17th (NW corner of 17th and Wayland Avenue) Park on Wayland or pad