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.
1902 S Spring Ave, Sioux Falls
$180,000
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.…
- Price $180,000
- Beds 4
- Baths 1
- Sq. Ft. 1,205
- Location Sioux Falls, SD
Property Details
Listing
- MLS # 22606215
- Status Active
- Property Type Single Family Residence
- Year Built 1909
- Total Rooms 7
- Lot Sq. Ft. 4,323
- Lot Acres 0.0992
Interior
- Beds 4
- Baths 1
- Sq. Ft. 1,205
-
Floors
- Carpet
- Vinyl
- Basement Partial
- Interior Features Main Floor Laundry
-
Equipment Included
- Electric Range
- Microwave
- Dishwasher
- Refrigerator
Systems
- Heating Natural Gas
- Cooling Central Air
- Water Public
- Water Softener None
- Water Heater Natural Gas
Location
- Address 1902 S Spring Ave
- City Sioux Falls
- State SD
- ZIP 57105
- County Minnehaha
- Elementary School District Laura Wilder ES
- Middle School District Edison MS
- High School District Roosevelt HS
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