2805-09 E Bragstad Dr, Sioux Falls, SD

  • $1,300,000

2805-09 E Bragstad Dr presents a rare opportunity to acquire two side-by-side tri-plexes in Sioux Falls, SD, offering scale, strong in-place income, and value-add potential. The property consists of six total units, with four units recently renovated and two units remaining unrenovated, providing a clear path for future rent growth. The two unrenovated units are occupied by long-term tenants who have been in place prior to 2020, offering stable cash flow. While not fully updated, these units received new basement flooring in 2024, reducing near-term capital needs while preserving upside through future renovations. Unit mix: Outside units: 4 Bed, 2.5 Bath Middle units: 3 Bed, 2.5 Bath The property also features six garage stalls located behind the buildings, enhancing tenant appeal.

Property Address

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  • Address 2805-09 E Bragstad Dr
  • City Sioux Falls
  • State/county SD
  • Zip/Postal Code 57103-4076

Property Details

  • Property ID: 831622
  • Price: $1,300,000
  • Property Size: 13404 Sq Ft
  • Year Built: 1993
  • Property Type: Multi-Family
  • Taxes: $14500
  • Garage Spaces: 6

MLS Information

Above Grade Square Feet1
Association Fee2
Below Grade Finished Square Feet6702
Contingency TypeNone
CountyMinnehaha
Garage TypeDetached
Legal DescriptionLot 2 Block 5 KLONDIKE ADDN TO CITY OF SIOUX FALLS
Lot Size Dimensions8640
Main Square Feet6702
Rental Income125400
RentedYes
Tax Year2024
Units6
Water TypeCity
Zoningres

MLS#: 831622; Listing Provided Courtesy of Gateway Real Estate Advisors (712-226-8000) via Northwest Iowa Regional Board of REALTORS. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

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