518 W 16th Street Sioux Falls, SD 57104

Building Details

Year Built

1947

Listing agency NAI Sioux Falls m***@naisiouxfalls.com Show Phone

Listed by Marcus Benson Show Phone

Source Naiglobal

Added: Jun 17 Updated: Jul 22 at 11:46PM Checked: Jul 23 at 4:46AM

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Investment Insights

Based on property information with market context.

This three-unit residential income property includes one vacant unit and two units currently on month-to-month leases. The unit mix consists of one 1-bedroom/1-bath unit and two 2-bedroom/1-bath units. The property also features two garage stalls.

Updates completed within the last 15 years include the roof, exterior paint, and a water heater. The landlord is responsible for water, gas, and garbage.

Key Highlights

• Triplex built in 1947 with one vacant unit plus two occupied 2‑bed/1‑bath units
• Two units on month‑to‑month leases (one vacant unit already available)
• Roof, exterior paint, and water heater updated within the last 15 years

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FAQs

What type of property is this?

Triplex - Triplex with one vacant unit and two 2-bed units on month-to-month leases.

Where is this triplex located?

The property is located at 518 W 16th Street Sioux Falls, SD.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Triplex built in 1947 with one vacant unit plus two occupied 2‑bed/1‑bath units; Two units on month‑to‑month leases (one vacant unit already available); Roof, exterior paint, and water heater updated within the last 15 years