If you’re looking for a great investment property in South Dakota, then this 3-bedroom, 2-bathroom house might just be perfect for you. This property has had the same tenants for over 10 years, and is currently rented out for $850 per month. Starting in August, the rent will increase to $900 per month, making this an even better investment opportunity.
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The lease for the current tenants is up in July, but they have expressed interest in re-signing, which means you can continue to generate income from this property for years to come. However, if you’re interested in using the property as a personal single-family home, the option is there when the lease is up.
One of the best features of this property is the 2-car garage with alley access. This means that you don’t have to worry about finding parking on the street or in a lot, and your tenants will appreciate the convenience of having a dedicated parking space. Plus, a garage is always a great selling point when it comes time to sell the property.
The house itself is in good condition, with 3 bedrooms and 2 bathrooms. This gives your tenants plenty of space to live comfortably, and the two bathrooms mean that there won’t be any fighting over the shower in the morning. The property is also located in a desirable area, with easy access to shops, restaurants, and other amenities.
Overall, this South Dakota investment property for sale is a great opportunity for anyone looking to generate passive income and build long-term wealth. With stable tenants already in place and the option for a personal home in the future, this property is sure to be a smart investment for years to come. Don’t miss out on this great opportunity – contact the seller today to schedule a viewing!
223 S Pine, Vermillion, SD 57069