201 N French Ave, Sioux Falls, SD 57103-1357
201 N French Ave, Sioux Falls, SD 57103-1357
201 N French Ave, Sioux Falls, SD 57103-1357
201 N French Ave, Sioux Falls, SD 57103-1357
201 N French Ave, Sioux Falls, SD 57103-1357
201 N French Ave, Sioux Falls, SD 57103-1357
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Amber Munoz

Amber Munoz

+1(712) 251-8664
$ 374,900
Est. payment | /mo

8 Beds

4 Baths

2,729 SqFt

Save
$ 374,900
Est. payment | /mo
Save

8 Beds

4 Baths

2,729 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,729 sqft

Price per Sqft $137

MLS Listing ID 831621

Bedrooms 8

Full Baths 4

Year Built 1915

Annual Tax Amount $3,570

Tax Year 2024

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Multi-Unit

Property 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.?

Location

State SD

County Minnehaha

Area Surrounding Areas/Other Areas

Zoning res

Multi-Unit Info

Total Units 4

Unit 1 Information SqFt: 1400; Bedroom: 3; Bathroom: 1; FullBath: 1

Unit 2 Information SqFt: 800; Bedroom: 1; Bathroom: 1; FullBath: 1

Unit 3 Information SqFt: 1400; Bedroom: 3; Bathroom: 1; FullBath: 1

Unit 4 Information SqFt: 800; Bedroom: 1; Bathroom: 1; FullBath: 1

Interior

Heating Forced Air

Cooling Window Unit

Building

Sewer City

Water City

Listed by Gateway Real Estate Advisors

Schools and Properties Nearby

Learn More About LPT Realty

+1(712) 251-8664
www.ambersellssiouxland.com
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201 N French Ave