South Dakota Investment Property for Sale: A Lucrative Opportunity Across from Campus
Are you on the lookout for a promising investment opportunity? Look no further than this South Dakota investment property located just across the street from the campus. With its prime location and impressive features, this property offers a multitude of benefits for both investors and potential tenants.
One of the standout features of this investment property is its spacious layout. Boasting four bedrooms and two and a half bathrooms, this property offers plenty of space for students or young professionals looking to live near campus. With an increasing number of students opting for off-campus housing, owning a property in such proximity to the campus undoubtedly presents a lucrative opportunity.
The property also offers a two-stall garage, a highly sought-after feature for tenants who own vehicles. Parking is often a challenge near campuses, and having the convenience of a private garage will undoubtedly attract potential renters. This feature alone sets this investment property apart from others in the area and increases its appeal to potential tenants.
Furthermore, this property is currently leased for $1200 a month until May 31, 2023. With a guaranteed rental income for the next two years, investors can enjoy a steady stream of cash flow and a significant return on investment. Starting from June 1st, the lease will increase to $1300 a month, providing even more financial benefits for the property owner. This rental increase is not only reasonable but also reflects the growing demand for off-campus housing in the area.
Location is everything when it comes to real estate, and this investment property excels in that aspect. Being just across the street from the campus, it offers a convenient and desirable living situation for students and faculty members alike. The proximity to campus ensures that tenants can easily access their classes, libraries, and other facilities, making it an ideal choice for those seeking convenient housing options.
Investing in an income-generating property in South Dakota is a wise decision. The state’s stable economy, low unemployment rate, and growing student population make it an attractive market for real estate investors. Additionally, with the consistent rental income and the potential for further rental increases, this property can provide a reliable source of passive income for years to come.
Whether you are a seasoned investor or someone looking to dip their toes into the world of real estate, this South Dakota investment property presents an excellent opportunity. Its prime location, spacious layout, and guaranteed rental income make it an attractive option for investors seeking a profitable venture.
Don’t miss out on this chance to secure a valuable investment property. Contact the listing agent today to learn more about this South Dakota investment property for sale and take the first step towards securing a bright financial future.
316 N Dakota, Vermillion, SD 57069