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Keller Williams Realty Sioux Falls
510 S Menlo Ave, Sioux Falls, SD 57104
- $449,000
- 3,570
- SqFt
- List Price
- $449,000
- MLS#
- 22608422
- Living Area
- 3,570
- Lot Size
- 5,857
Property Description
Excellent opportunity for an owner-occupant looking to offset their mortgage with rental income or a real estate investor seeking to expand their portfolio! This fourplex features four spacious 2-bedroom, 1-bathroom units with several recent improvements and income-generating potential. Units 1 and 2 feature private decks accessible through sliding glass doors, providing additional outdoor living space. Units 1 and 3 have received recent updates, including fresh paint, new flooring, trim, bathroom vanities, and toilets. Additional building improvements include a new water heater and coin-operated laundry machines in the shared laundry area. The property offers a shared building entrance, convenient off-street parking, and a common laundry area that provides an additional income stream. One unit is currently vacant, creating an excellent opportunity for an owner-occupant to move in while collecting rental income from the remaining three units, or for an investor to lease the unit at market rent and maximize the property's income potential. Whether you're purchasing your first investment property, looking to house hack, or adding another multifamily asset to your growing portfolio, 510 S Menlo Avenue offers flexibility, recent improvements, and long-term investment potential.
Additional Information
- School District
- SiouxFalls
- Middle School
- George McGovern MS - Sioux Falls
- High School
- Thomas Jefferson High School
- Elementary School
- Lowell ES
- Acres
- 0.13
- Appliances
- Refrigerator, Range, Washer, Dryer
- Basement
- Full
- Foundation
- Block
- Heating
- Forced Air
- Living Area
- 3,570
- Lot Dimensions
- 42.1 x 139
- Lot Size
- 5,857
- Number Of Units
- 4
- Possession
- Close Of Escrow
- Roof
- Composition
- Sewer
- Public Sewer
- Stories
- 2
- Subdivision
- Folsom 2nd Addn
- Taxes
- $4,831
- Water
- Public
- Year Built
- 1966
- Zoning
- RA 1
Courtesy of Austin Luecke from Bender REALTORS. Cell: 605-900-2407
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