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201 French Ave N, Sioux Falls, SD 57103-

$374,900

Price Decreased
  • MLS# 831621
  • Bedrooms N/A
  • Bathrooms 1
  • Total Sq.ft 2,729
  • Property Type Multi-Unit
  • Year Built 1915

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.?

Legal: LOT 20 (EX W 55') BLOCK 2 GREATER SIOUX FALLS ADDN TO CITY OF SIOUX FALLS
Active

Property Information

  • 831621
  • $374,900
  • 201 N French Ave
  • Surrounding Areas/Other Areas
  • Sioux Falls
  • Minnehaha
  • SD
  • Sale
  • Multi-Unit
  • 2729
  • 263
  • 1915
  • 1
  • 57103-
  • 3570

LISTED BY

Gateway Real Estate Advisors, Nic Madsen (712.540.6562)

Property Location

SIMILAR LISTING

202 French Ave N, Sioux Falls, SD 57103-
Price Decreased
17
Status: Active

202 N French Ave presents a compelling duplex investment opportunity in the heart of Sioux Falls, SD. This well-maintained property features two residential units and offers immediate cash flow through a flexible rental strategy, currently...

  • 831620MLS #
  • 1BATHS
  • N/ABEDS
  • 2000SQFT
Listed by : GATEWAY REAL ESTATE ADVISORS, NIC MADSEN (712.540.6562)

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