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USASDSioux FallsVan Eps Addn809 S Sherman Ave
809 S Sherman Ave, Home with 0 bedrooms, 0 bathrooms and null parking in Sioux Falls SD | Image 1
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$1,125,000

809 S Sherman Ave, Sioux Falls, SD

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 529 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 33
Approx. Age 1977
Avg. Price Per Sqft $2,126
MLS® Number 22506187

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® Number22506187
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1977
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatHot Water, Natural Gas
A/CWindow Unit
Heating Fuel

Extras

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