404 -406 S Thompson Ave, Sioux Falls, SD 57103 (MLS # 22203238)
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***$78,125 per Unit***7.6% CAP Rate *** This multi-family building has 2 entrances with 15 efficiencies (Murphy Bed & 1 bath in each efficiency unit) and 1 one-bedroom, one-bathroom unit. This property was built in 1985. Tenants pay for electric, phone, cable and internet. Landlord pays for natural gas (heat), water, sewer, garbage removal, repairs and grounds upkeep. Wall air-conditioning, baseboard boiler heat. Common area coin laundry room located on the main level of the 404 side. Concrete parking lot / off-street parking. Controlled access building. Carpets, flooring and appliances have been replaced as needed. Each unit has it's own circuit breaker panel.
| School District | Sioux Falls |
|---|---|
| Elementary School | Cleveland ES |
| Jr. High School | Whittier MS |
| High School | Washington HS |
| ADDITIONAL DETAILS | |
| AIR | Other |
|---|---|
| APPLIANCES | All Units, Oven/Range, Refrigerator |
| AREA | SF-E005 |
| BASEMENT | None |
| CONSTRUCTION | Stucco/Drivit |
| EXTERIOR | Controlled Access, Smoke Detector |
| HEAT | Baseboard, Hot Water, Natural Gas |
| INTERIOR | Balcony Deck, Carpets, Common Utility Rm, Patio, Some Units, Window Covering |
| LOT | 0.3777 acre(s) |
| LOT DIMENSIONS | N115R113SE94SW80NW62.3W64 |
| PARKING | Off Side Street |
| SEWER | City Sewer |
| STORIES | 2 |
| SUBDIVISION | Lyon Homesite Addn |
| WATER | City Water |
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Listed with 605 Real Estate LLC
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