2504 S Summit Ave: High-Yield 3-Unit Investment Property in Central Sioux Falls

Turnkey Income Potential, Premium Multi-Unit Layout & Central Location

Welcome to 2504 S Summit Ave, an exceptional turnkey investor package or house-hacking dream positioned perfectly in the heart of central Sioux Falls. Built in 1948 and incredibly well-maintained, this multi-family triplex property offers 2,420 finished square feet of practical, income-generating infrastructure. Completely optimized for modern property management, this rare asset provides multiple revenue streams under a single roof on a beautiful, mature residential corner lot.

Three Independent, Fully Furnished Rental Units

This premium revenue property features three independent, fully furnished units, allowing a new owner to instantly capitalize on short-term corporate housing, traveling nurse contracts, or steady long-term lease terms.

The dynamic footprint includes:
* **The Main Level:** A welcoming 2-bedroom, 1-bathroom unit boasting great natural light, original mid-century wood character elements, and a cozy fireplace layout.
* **The Upper Level:** A private 1-bedroom, 1-bathroom rental space accessed via its own dedicated exterior balcony stairs, complete with an extra den space.
* **The Lower Level:** A comfortable, independent 1-bedroom, 1-bathroom garden-level layout featuring its own kitchen and living areas.

Resilient Interior Finishes Designed for Turnovers

Landlords will appreciate the inclusion of highly resilient flooring solutions throughout—featuring a functional mix of original wood character, laminate updates, clean tile work, and fresh carpet selections that simplify unit turnovers and look great long-term. All units come complete with individual appliances, cozy common areas, and independent kitchen setups.

Practical Utility Core and Tenant Parking Solutions

The shared utility core of this multi-family layout is highly practical, boasting a full central basement configuration with a dedicated washer and dryer assembly included for shared tenant comfort or management cleaning routines. Outside, the property provides stress-free tenant logistics via an expansive paved on-site parking footprint, keeping vehicles comfortably off the neighborhood street during changing South Dakota seasons.

Unbeatable University District Location

Location dictates real estate yields, and this triplex sits in an absolute hotspot just off 33rd Street and Minnesota Avenue. Enjoy immediate proximity directly across the street from Augustana University, steps from the University of Sioux Falls, and short travel paths to major hospital complexes, bus corridors, and downtown Sioux Falls. Grab our free home buyer guide today to explore how multi-family portfolios protect your wealth over time.

Frequently Asked Questions About 2504 S Summit Ave

Secure This High-Yield Multi-Unit Opportunity Today

Opportunities to secure an instantly cash-flowing asset with built-in versatility directly next to major student and medical hubs are exceptionally rare in this market. Reach out to Amy Stockberger Real Estate today to discover how our unique operational frameworks and transition programs can optimize your acquisition strategy. Book your private investor walkthrough today!