720 S 2nd Ave, Sioux Falls, SD 57104

J & M Real Estate Group, Inc is pleased to present the opportunity to acquire 2nd Ave. Apartments, 12 unit property. Two identical buildings with 6 units in each building, and a common driveway in between. Eight 2 bedroom units and four 1 bedroom units. Parking in the back of the property in 2 carport structures. Offered at $88,000 per door, and a Gross Multiplier of 10.2. These apartments have a proven track record of consistent rent increases and tenant retention. 2nd Avenue Apartments have ample opportunity to increase rents based on the current market conditions in and around the Sioux Falls area. The property appeals to a diverse group of residents, including young professionals, families and seniors due to it's proximity to public transportation, minutes from downtown and the serene neighborhood tucked away in the a quaint historical neighborhood that is sure to grow in charm year after year.