809 S Sherman Ave, Sioux Falls, SD 57104
Local realty services provided by:Better Homes and Gardens Real Estate Beyond
809 S Sherman Ave,Sioux Falls, SD 57104
$1,125,000
- - Beds
- - Baths
- 529 sq. ft.
- Multi-family
- Active
Listed by:clay wilhelm
Office:the experience real estate
MLS#:22506187
Source:SD_RASE
Price summary
- Price:$1,125,000
- Price per sq. ft.:$2,126.65
About this home
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.
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Home facts
- Year built:1977
- Listing ID #:22506187
- Added:49 day(s) ago
- Updated:September 30, 2025 at 02:45 PM
Rooms and interior
- Living area:529 sq. ft.
Heating and cooling
- Heating:Hot Water, Natural Gas
Structure and exterior
- Roof:Shingle Composition
- Year built:1977
- Building area:529 sq. ft.
- Lot area:0.67 Acres
Schools
- High school:Lincoln HS
- Middle school:Patrick Henry MS
- Elementary school:Susan B Anthony ES
Utilities
- Water:City Water
- Sewer:City Sewer
Finances and disclosures
- Price:$1,125,000
- Price per sq. ft.:$2,126.65
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