About This Home
This 0-bedroom, 0-bathroom residential multi family at 1118 W 8th St in Sioux Falls, SD is listed for $290,000 ($132 per sqft). Built in 1919, the home offers 2,204 sqft of living space on a 0.15 acres lot.
Key Features
- Built in 1919
- 0.15 acre lot
- 2 stories
Property Details
CASH FLOW MACHINE! This high-performing 5-Plex is priced at $290K with approximately $3,660/month in gross rental potential-exceeding the 1% Rule. Whether you're an investor chasing strong returns or an owner-occupant looking to offset your mortgage, this one delivers.
Each unit offers 1 bed, 1 bath, making it highly attractive for consistent tenant demand and easy leasing. Recent improvements include fresh interior and exterior paint, with most units featuring new flooring, carpet, and updated finishes, giving the property a clean, modern feel tenants are actively looking for.
A detached garage adds additional income potential, creating another stream of cash flow. This is a true turnkey opportunity with strong rental upside and minimal immediate maintenance needs. High demand, strong numbers, and above-average returns-opportunities like this don't last. Lock it in before someone else does.
Monthly Cost Estimate
$1,551/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1118 W 8th St
Sioux Falls, SD 57104-2876
Covell's 1st Addn
Property Details
Flooring
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 1118 W 8th St is listed at $290,000 ($132/sqft). The estimated monthly payment is $1,551 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1919, 0.15 acre lot, 2 stories.
This property is listed by Aiden Schoenhard and can be reached at (605) 360-7506.