1902 S Spring AveSioux Falls, SD 57105

Description

INVESTMENT OPPORTUNITY This updated 1.5-story home offers 4 bedrooms, 1 bath, and a great central location near Augustana University, the University of Sioux Falls, Sanford Hospital, and Avera McKennan Hospital. Creating a strong rental demand. For investors, the numbers are worth a look. Fair Market Rent (FMR) for a 4-bedroom property in the 57105 ZIP code is approximately $1,730/month/ With limited operating expenses beyond property taxes and insurance, this property has the potential to perform near a 10% cap rate depending on actual rents, vacancy, maintenance and other ownership expenses. Whether you're looking to add another rental to your portfolio or make your first investment purchase, this property offers an attractive combination of price point, bedroom count, location, and income potential.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

1.5 Story

Year built

1909

Living area

1,205 Sq Ft

Lot size

0.10 acres

Lot dimensions

33x131

Days on market

48

MLS^® Listing#

22606215

Property Features

Appliances

Electric Range · Microwave · Dishwasher · Refrigerator · Gas Water Heater

Cooling

Central Air

Heating

Natural Gas

Flooring

Carpet · Vinyl

Basement

Partial

Fencing

Chain Link

Lot features

City Lot

Foundation

Block

Roof

Composition

Sewer

Public Sewer

Water source

Public

Rooms

Schools

Elementary

Laura Wilder ES

Middle

Edison MS

High

Roosevelt HS

Financial Details

HOA

None

Annual taxes

$2,750

Parcel number

50547

Directions

26th and spring go south 1 block house on eastside of road.