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Key Details
Sold Price $360,000
Property Type Multi-Family
Sub Type Four Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,752 sqft
Price per Sqft $75
Subdivision Other - Outside Jurisdiction
MLS Listing ID 22600726
Year Built 1920
Lot Size 1.000 Acres
Property Sub-Type Four Plex
Property Description
Excellent income-producing opportunity featuring a well-maintained 4-plex (two connected duplexes) situated on a full one-acre lot in a quiet rural setting just minutes from Highway 50. The property offers strong current cash flow of $3,950 per month when fully rented. With a short drive to USD this property has a strong history being fully occupied.
Additional area above the garage is a large unfinished loft, presenting a rare opportunity to possibly add an additional 4 income producing units to this property. The interior needs to be finished as the structure is there. There is room on the property to build additional garages or storage units as well. Opportunities are endless.
The property is surrounded by mature trees, providing privacy and space for outdoor amenities, including a bonfire area. Utilities are 100% tenant-paid, keeping operating expenses low. Three units are leased through May 2026, with one unit available for immediate occupancy or repositioning.
Located approximately five minutes from local conveniences and less than half a mile off Highway 50, this property combines rural charm with accessibility. Ideal for investors seeking a stable asset with value-add potential or an owner-occupant looking for a property that can help pay for itself.
Buyer is expected to conduct due diligence on any future expansion to obtain permits and approval from the proper authorities.
Location
State SD
County Other (out Of Jurisdiction)
Area Other
Interior
Heating Forced Air, Baseboard
Exterior
Exterior Feature Wood
Building
Sewer Septic
Schools
Elementary Schools Jolley Es
Middle Schools Vermillion Ms
High Schools Vermillion Hs
School District Vermillion
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Bought with Keller Williams Realty Sioux Falls
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