1001 E 16th St, Sioux Falls, SD 57104

Fully rented five plex in an excellent location on corner lot. Rents are low and could easily be increased. Recent value-add project showed a double digit return on investment (ROI). Located in the Opportunity Zone so check out available tax advantages. Prefer to sell with four plex next door (1007 E. 16th St.). Possible to own the frontage of the entire block if combined with five plex and a corner duplex. Only lender qualified purchasers need inquire. NOI $21,277. The main unit has a separate entrance and address (1003). The unit encompasses the majority of the main floor. It has oak hardwood flooring in the living room and dining room. Many arched doorways deliver the charm of yesteryear to the units. A large bay window allows an abundance of daylight into the room. Unit is described as a two bedroom with one bathroom. Also on the first level is a studio apartment with living room / bedroom and galley kitchen plus a full bath. Upstairs there is a similar studio and two additional apartments with one bed and one bath each. Recently painted exterior, new garage doors and openers. Owner is a licensed broker in South Dakota. Contact Dave at (605)334-8155.