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Brand New Spacious Townhome Complex for sale! Great Investment!
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Property Description |
Tea, SD is a perfect market for rental properties. It is a growing small city that is just 6 minutes from the Sioux Falls, SD. These are brand new townhomes with nice furnishings and all appliances included. All units are on separate meters, 2 units have 3 bedrooms and 2 baths and 2 units have 2 bedrooms and 2.5 baths. These properties are built so they could eventually subdivide in the future and sell them individually. Two units have over 1500 sq ft. Great 4-plex for an investment property in Howling Ridge in Tea. Almost a 9% cap rate!!!! More units will be available for sale in Sioux Falls, SD December 2007. We are looking for people who just want one or more investment properties to purchase or to an investor who would like to contract with us to build you several properties at one time for a fair price. Sioux Falls, SD is expected to double in size from 150,000 to 300,000 in the next 15 years! Sioux Falls, SD is also in a stable housing market that does not fluctuate like the costal states so we tend to gradually increase our value not go to extremes from year to year. |
| Contact person: |
Robert Brenner |
| Seller Type: |
PrivateOwner |
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| Listing Status: |
For Sale |
| Property Type: |
Fourplex |
| Price($): |
420000 |
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| City: |
Tea |
| Region: |
South Dakota |
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| Owner Finance: |
No |
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