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Rare triplex in one of Sioux Falls' most sought-after corridors for rental property - walking distance to both hospitals, major colleges, and downtown. One 3BD/1BA and two 2BD/1BA units, all updated in recent years with new water heater (2021), coin-op washer/dryer (2021), insulated rear entrance, and ongoing unit improvements throughout.The house hack opportunity here is straightforward: occupy the basement unit, collect rent from the other two, and dramatically reduce your cost of living while building equity in a location landlords don't let go of often. Self-manage, handle your own lawn and snow, and pocket the management fees - or hold it as a pure investment and let the numbers work for you.Current rents have room to grow as leases turn over. Owner covers gas, water/sewer, and trash with a RUBS billback in place. Coin-op laundry adds supplemental income. Seller is offering a credit toward minor exterior repairs - easy cosmetic upside that goes a long way on curb appeal in a neighborhood this strong. Don't overlook this one.
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.
Listed By
Agency Name: 605 Real Estate LLC
Shown By
Agency Title: The Experience Real Estate, Inc.
Agency Phone: 605-940-5544