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$550,000
Est. payment /mo
8 Beds
4 Baths
3,656 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Four Plex
Listing Status Active
Purchase Type For Sale
Square Footage 3,656 sqft
Price per Sqft $150
Subdivision Cottonwood Heights Addn
MLS Listing ID 22502755
Bedrooms 8
Year Built 1977
Lot Size 0.282 Acres
Acres 0.2817
Lot Dimensions 93 x 133
Property Sub-Type Four Plex
Property Description
4809 S Tennis Ln presents an excellent opportunity to acquire a clean, well-maintained 4-plex in a high-demand south Sioux Falls location. Positioned directly across from a fitness center and just minutes from shopping, dining, and entertainment, this property benefits from a tenant-friendly setting with broad appeal. The unit mix includes one 3-bedroom, two 2-bedroom units, and one 1-bedroom — each with its own private deck, in-unit laundry, and an efficient, comfortable layout. All units are individually metered for electric and feature separate central heat and air. Tenants pay all their own electric, with the landlord covering water, sewer, garbage, lawn, snow, and natural gas for Unit 2. A utility reimbursement is currently in place to help offset shared expenses. The property includes five garage stalls — creating an additional income stream if rented separately — plus extra off-street parking behind the building. Whether you're looking to house hack, diversify with a short/mid/long-term rental mix, or simply add a stable, appreciating asset to your portfolio, this one checks the boxes. A high-performing building in a high-demand area with built-in versatility and clear upside. Don't miss it.
Location
State SD
County Minnehaha
Area Sf-C015
Rooms
Basement Partial
Interior
Heating Forced Air, Natural Gas
Cooling Central Electric
Appliance Refrigerator, Oven/Range, Microwave, All Units
Exterior
Exterior Feature Metal/Vinyl
Roof Type Shingle Composition
Building
Story 2
Foundation Poured
Water City Water, Community Water
Schools
Elementary Schools Laura Wilder Es
Middle Schools Edison Ms
High Schools Roosevelt Hs
School District Sioux Falls
Others
Security Features Smoke Detector
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Listed by 605 Real Estate LLC • Blake C Bohner