Listed by Gateway Real Estate Advisors
$5,400,000
Golden Valley Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 137,238
Net Rentable (SqFt) 58,141
Units 54
Cap Rate 7%
NOI $377,785
Occupancy 100%
Price per SqFt $39
Class B
Year Built 1994
Year Renovated 2024
Buildings 3
Stories 3
Acreage 3.151
Zoning Commercial
Investment Type Stabilized
Multifamily | 54 Units | $100,000/unit
Marketing description
54-unit multifamily community built in the 1990s on Sioux Falls' growing east corridor featuring a mix of one- and two-bedroom units, 53 private garages, on-site laundry, and recently renovated units. Near-full occupancy with easy access to I-229, the 41st Street retail corridor, and both Sanford and Avera medical campuses. Strong in-place income with organic upside. Financials available upon request.
Investment highlights
- 53 GARAGES
- LAUNDRY ON-SITE
- 95+% OCCUPIED
- LOW MAINTENANCE
- RECENTLY RENOVATED UNITS
- WELL-MAINTAINED APARTMENTS
- GREAT LOCATION IN SIOUX FALLS
Listing Contacts
Listed by Gateway Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$377,785.00
$31,482.08/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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