Attention investors! 14-plex all on one level complete with common area lobby and off-street parking! All units are 1 bed / 1 bath. No stairs in this mostly brick building. Enjoy the ease and efficiency of owning 14 ground-level apartments in one structure! Property is currently enrolled in HUD Section 8 Senior (62+) income assistance program and will be 100% occupied as of Sept 1st. HUD has increased rents annually to the current level of $793 per month. Landlord currently pays all utilities. Coin operated laundry. New roof in 2017. Current owner has been updating flooring in units as tenancy allows. No for sale sign on property. Buyer agrees to comply with a possible 1031 exchange. Seller prefers to close after Jan 1st, 2026.
Active
$1,125,000
809 S Sherman Ave, Sioux Falls, SD 57104
--beds
0baths
529sqft
Est.:
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$2,127/sqft
$-- HOA
What's special
Off-street parkingCommon area lobbyGround-level apartmentsUpdating flooring in units
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