Updated about 6 years ago on . Most recent reply
Single Family vs Duplex/Triplex Sioux Falls
I already own a single-family house that I reside in. Now, I am planning in buying investment properties in Sioux Falls area - wondering if single-family is better than duplex or triplex property on its return and rental turn-over. Please share from your experience.
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Hi Ike, I have both single family and multi family units in Sioux Falls. I believe it is more about the property condition, location, rental price point, amenities, etc., than specifically single family or a duplex or triplex on its return. If you have a nice place at a competitive price the tenants will stay longer. Traditionally, we have lower turnover in the single family homes.