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Sold for $440,000 on 01/13/25
  • $440,000

    109 N Wayland Ave, Sioux Falls, SD 57103

    --beds
    --baths
    2,100sqft
    Multi Family
    Built in 1934
    -- sqft lot
    $446,000 Zestimate®
    $210/sqft
    $1,750 Estimated rent

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    $1,750/mo

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    $1,750/mo

    Rent Zestimate®

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    $2,722/mo

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    $2,722/mo

    Est. payment

    What's special

    Welcome to 109 N Wayland Ave, Sioux Falls, SD Discover an exceptional investment opportunity in the heart of Sioux Falls with this well-maintained fully rented 5-plex. The units consist of 4 studio 1 bath apartments and one 1 bed and a 1 bathroom unit, perfect for singles or couples seeking comfort and convenience. Property Highlights: -New furnace and AC in 2023 -Income Potential: Benefit from a 7% Cap Rate, ensuring a reliable and steady income stream. -Newly Renovated Units in 2022- FULLY occupied! - New AC and Furnace in 2023 -Prime Location: Nestled in a convenient neighborhood, residents will enjoy easy access to shopping, parks, and the vibrant downtown area. -Parking & Storage: Ample off-street parking for tenants, complemented by a detached 2-stall garage that offers additional convenience and potential for extra income. This 5-plex is a rare find and a golden opportunity for savvy investors. Don’t miss out on owning a valuable piece of real estate in Sioux Falls!

    Zillow last checked: 7 hours ago

    Listing updated: January 13, 2025 at 12:03pm

    Listed by:

    Greg T Doohen,

    Keller Williams Realty Sioux Falls,

    Mark C Bartels,

    Keller Williams Realty Sioux Falls

    Bought with:

    Beau R Carpenter

    Source: Realtor Association of the Sioux Empire,MLS#: 22404927MLS Logo

    Facts & features

    Interior

    Heating
    • Natural Gas
    Cooling
    • Electric
    Appliances
    • Included: Range, Refrigerator
    Features
    • Flooring: Carpet, Vinyl
    • Basement: Full
    Interior area
    • Total interior livable area: 2,100 sqft

    Property

    Parking
    • Parking features: Detached
    Features
    • Stories: 2
    • Entry location: Community
    Lot
    • Size: 4,970 sqft
    • Dimensions: .12
    Details
    • Parcel number: 30298

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Stucco
    • Roof: Composition
    Condition
    • Year built: 1934

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Sioux Falls
    • Subdivision: East Sioux Falls Addn

    Other

    Other facts
    • Listing terms: Conventional