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1508 E Rice St
Sioux Falls, SD 57104
MLS #21801510

Multi-Family
  • 1baths
  • 0.5acres
  • 14,000sq ft
$974,900
Est. P&I payment: $3723.46/mo
1508 E Rice St, Sioux Falls, SD 57104
  • 1508 E Rice St, Sioux Falls, SD 57104 Photo 1
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  • 1508 E Rice St, Sioux Falls, SD 57104 Photo 9
  • 1508 E Rice St, Sioux Falls, SD 57104 Photo 10
  • 1508 E Rice St, Sioux Falls, SD 57104 Photo 11
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Description for 1508 E Rice St, Sioux Falls, SD 57104
18 units with FULL occupancy. 9.2% CAP Rate!! On-site manager (17 years). Six nice sized 2 BR units, Eleven 1 BR units, and One efficiency unit. Eleven garages. Recent improvements include New exterior doors in 2014, New Rubber Membrane Roof in 2015, many New windows, all New siding, 3 New water heaters, New cement on east side, New hallway paint and carpet, and 3 remodeled units in 2017! ALWAYS FULL and the owner gets 5-8 calls average a week off a little sign out front. $4,000 garage door replacement allowance included (or work will be completed). Many residents have lived here for over 10 years! This investment opportunity nearly runs itself.
MLS #21801510
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My Notes for MLS #21801510

General Features

  • Acres: 0.5
  • Approx Finished SqFt: 14,000
  • Baths Per Unit: 1
  • Baths Varies By Unit: No
  • Bedroom Varies By Unit: Yes
  • Building SqFt: 14,190
  • Lot Dimensions: 132x129 & 36x136
  • Lot Size SqFt: 21,780
  • Number of Stories: 3
  • Property Subtype: Other
  • Total Units: 18
  • Year Built: 1975

Exterior Features

  • Exterior: Part Brick,​Wood,​Hard Board
  • Parking: Garage Detached
  • Roof: Shingle Composition,​Other

Interior Features

  • Basement: None
  • Entrance: Private
  • Floors: Carpet,​Vinyl,​Concrete

Utility Features

  • Air Conditioning: Window Unit
  • Appliances: Refrigerator,​Oven/Range,​All Units
  • Heating: Hot Water,​Natural Gas
  • Sewer: City Sewer
  • Water: City Water

Financial Features

  • Potential Short Sale: No
  • Price Per SQFT: 69.64
  • REO/Bank Owned: No
  • Sale/Rent: For Sale
  • Utility Included in Rent: Gas,​Water,​Trash Collection,​Lawn Service,​Snow Removal,​Sewer,​All Units

Community Features

  • Subdivision: Forest Hill Addn

School Features

  • Elementary School: Laura B. Anderson ES
  • High School: Washington HS
  • Middle School: Whittier MS
  • School District: Sioux Falls

Miscellaneous Features

  • Foundation: Poured
  • Misc Info: Separate Meters,​Community Water Heater
  • Safety Features: Smoke Detector
  • Unit Features: Carpets,​Living/Dining Rm,​Kitchen/Dining Rm,​Common Utility Rm,​All Units
  • Zoned: RA 1,​Not Verified

Location

 
Street View Not Available
Directions to 1508 E Rice St, Sioux Falls, SD 57104
Between N. Cliff Avenue and N. Cleveland Avenue, North side of Rice Street.
The listing information for 1508 E Rice St, Sioux Falls, SD 57104 was graciously provided by our friends at the listing brokerage, Lloyd Residential Group LLC

Get Financing for 1508 E Rice St, Sioux Falls, SD 57104

Great Western Bank
Renee Gullickson
301 N Egan Ave.
Madison, SD 57042
605-256-6532 Office
605-636-4506 Mobile
605-256-6480 Fax
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P&I Payment $3723.46
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Advantage's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Advantage, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTORĀ® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than EXIT Realty Advantage are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. © 2018 REALTOR® Association of the Sioux Empire, Inc. Multiple Listing Service. All rights reserved.
Last Updated 04/26/2018 at 7:49am
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