809 S SHERMAN AVE, Sioux Falls, SD 57104 For Rent MLS# 22303416

Attention investors! 100% occupied 14-plex all on one level and in one building! All units are 1 bed / 1 bath. No stairs for tenants or maintenance in this mostly brick building! Property is currently enrolled in HUD Section 8 Senior (62+) income assistance program through April, 2025. HUD has periodically increased rents to the current level of $739 per month. Landlord currently pays all utilities. New owner would have the option to renew HUD program or not. If not, there is an opportunity to increase revenue by converting some or all units to short-term rentals. Coin operated laundry. Common lobby area. Off street paved parking. New roof in 2017. Current owner has been updating flooring, cabinets, and appliances in units as tenancy allows. No for rent sign on property. Buyer agrees to cooperate with a possible 1031 exchange. Get the best price at ListedBuy!