Listed by NAI Sioux Falls
$3,200,000
Howling Plains Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Units 24
Cap Rate 6%
NOI $192,002
Class A
Year Built 2016 ; 2017
Buildings 2
Stories 2
Acreage 0.55 - 0.63
Zoning Residential
Stabilized Asset in the growing town of Hartford
Marketing description
For Sale
Investment highlights
- Two (2) Twelve Plexes - 24 Total Units
- Each building has two floors - no elevator
- Zoning: Residential
- 24 garages - 12 per building - 1 per unit
- Low maintenance building
- 804 Ruud Lane
- Building size: 13,424 sq. ft.
- Year built: 2016
- Lot size: .63 acres (27,600 sq. ft.)
- Commercial duty Washer/dryer in 2 & 3 bedroom units
- Shared, free washer/dryer for 1 bedroom units
- Unit mix:
- Four 3 bedroom/ 2 bathroom units
- Four 2 bedroom/ 1 bathroom units
- Four 1 bedroom/ 1 bathroom units
- Garage and pet rent included in base rent
- 810 Ruud Lane
- Building size: 12,060 sq. ft.
- Year built: 2017
- Lot size: .55 acres (24,000 sq. ft.)
- 6 shared commercial duty washer/dryers
- Unit mix:
- Twelve 2 bedroom/ 1 bathroom units
- Garage and pet rent included in base rent
Listing Contacts
Listed by NAI Sioux Falls
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$192,002.00
$16,000.17/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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