1902 S Spring Ave, Sioux Falls, SD 57105
- $180,000
- 4
- BD
- 1
- BA
- 1,205
- SqFt
- List Price
- $180,000
- Type
- Single Family Residence
- MLS#
- 22606215
- Bedrooms
- 4
- Bathrooms
- 1
- Living Area
- 1,205
- Lot Size
- 4,323
Property Description
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.
Additional Information
- School District
- SiouxFalls
- Middle School
- Edison MS
- High School
- Roosevelt HS
- Elementary School
- Laura Wilder ES
- Acres
- 0.10
- Appliances
- Electric Range, Microwave, Dishwasher, Refrigerator
- Basement
- Partial
- Fencing
- Chain Link
- Foundation
- Block
- Heating
- Natural Gas
- Interior Features
- Main Level Laundry
- Living Area
- 1,205
- Lot Size
- 4,323
- Possession
- Close Of Escrow
- Roof
- Composition
- Sewer
- Public Sewer
- Subdivision
- University Addn
- Taxes
- $2,750
- Water
- Public
- Year Built
- 1909
Courtesy of David Maske from Hegg, REALTORS. OFFICE: 605-336-2100
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