605 S Spring AveSioux Falls, SD 57104

Description

Investment opportunity near downtown Sioux Falls! This updated triplex offers great cash-flow potential with three separate units and several recent improvements. Unit 1 features a 1-bedroom, 1-bath studio-style layout. Unit 2 offers 1 bedroom and 1 bath and was recently refreshed with all-new flooring and additional updates. Unit 3 is the largest of the three, featuring 2 bedrooms and 1 bath. All three units have been updated, making this property an attractive addition to an investment portfolio. Each unit has its own separate electric meter and supplemental heat, while a brand-new furnace located in the basement provides additional heat throughout the property. A new roof was installed in 2023, providing another important recent improvement. Tenants will appreciate the off-street parking located at the rear of the property. Conveniently located near downtown Sioux Falls with easy access to shopping, dining, entertainment, employment and other amenities. Whether you're looking to expand an existing rental portfolio or enter the investment property market, this triplex offers three income-producing units in one convenient location.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1890

Living area

1,836 Sq Ft

Lot size

0.13 acres

Lot dimensions

115x48

Zoning

Not Verified

Days on market

4

MLS^® Listing#

22607506

Property Features

Appliances

Refrigerator · Range

Cooling

Window Unit(s)

Heating

Forced Air · Natural Gas

Flooring

Carpet · Vinyl

Basement

Full

Parking

Detached

Construction

Vinyl Siding

Foundation

Block

Roof

Composition

Security

Smoke Detector(s)

Sewer

Public Sewer

Water source

Public

Parcel number

34039

Schools

Elementary

Lowell ES

Middle

George McGovern MS - Sioux Falls

High

Thomas Jefferson High School

Directions

Google