Located just southwest of downtown Sioux Falls, this fully leased 8-unit multifamily property offers investors a stabilized asset with immediate cash flow and upside potential. The unit mix includes four 2-bedroom/1-bath and four 1-bedroom/1-bath apartments, complemented by eight garage stalls and a coin-operated laundry facility in the lower level. With all units currently occupied and most on month-to-month leases, new ownership has flexibility to adjust rents or implement longer-term agreements. The property spans 4,204 square feet on a 0.23-acre lot and was built in 1968. It has been maintained with reliable utility arrangements—landlord covers water, gas, and garbage, while tenants pay their own electric. A pro forma APOD is available, projecting a gross operating income of $92,184 and a net operating income of $55,251, yielding a cap rate of 8.84%. Positioned in a central location with proximity to major employers, retail corridors, and downtown amenities, this asset benefits from strong rental demand and walkable access to services. The surrounding area includes parks, schools, and public transit options, making it attractive to a diverse tenant base. This is a compelling opportunity for investors seeking a turnkey multifamily property with stable income, manageable scale, and room for operational optimization.