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SIOUX FALLS, SD 4 UNIT MULTI-FAMILY CONTRACT FOR ASSIGNMENT

1035 N Spring Ave, Sioux Falls, SD 57104

$580,000 After Repair Value -
$550,000 Asking Price -
$0 Cost of Repairs =
$30,000 Potential Profit

Property Details

Asking Price $550,000

After Repair Value $580,000

Costs of Repairs $0

Potential Profit $30,000

Living Area 2560 ft2

Property Type 4-Plex

Bedrooms 4

Bathrooms 4

Half Bathrooms 0

Parking 0

Listed with Agent Yes

EPI (Estimated Potential Income)

Potential Rental Income $75,000

Yearly Expenses $13,200

Property Taxes $4,802

Net Operating Income $57,000

Cap Rate 10.75%

Property Description

Currently used as AirBNB with Excellent Cash Flow!

Property is Currently used as an AirBNB and comes TURNKEY and includes all Furniture, Bath & Bedding, Kitchen, Patio Furnishings, Bikes, Shed & Laundry Appliances.

Ranked as one of the Top 12 AirBNB\'s in Sioux Falls!

Resort Like Outdoors Area includes 7 Person Hot Tub, Patio Table & Chairs, Hammock Chairs & Grill

Close to Convention Center, Airport, Hospitals & Spray Water Park

CONTACT LISTING OWNER

Diane Johnson

Free Member

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