1508 E. Rice St., Sioux Falls, SD 57104

18 units with FULL occupancy. 9.2% CAP Rate!! On-site manager (17 years). Six nice sized 2 BR units, Eleven 1 BR units, and One efficiency unit. Eleven garages. Recent improvements include New exterior doors in 2014, New Rubber Membrane Roof in 2015, many New windows, all New siding, 3 New water heaters, New cement on east side, New hallway paint and carpet, and 3 remodeled units in 2017! ALWAYS FULL and the owner gets 5-8 calls average a week off a little sign out front. $4,000 garage door replacement allowance included (or work will be completed). Many residents have lived here for over 10 years! This investment opportunity nearly runs itself.