Listed by Gateway Real Estate Advisors
$10,100,000
Stoney Hill Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 196,361
Net Rentable (SqFt) 76,896
Units 101
Cap Rate 6.92%
NOI $699,203
Occupancy 88%
Price per SqFt $51
Class B
Year Built 1976, 2016
Buildings 9
Stories 2
Acreage 4.510
Zoning Commercial
Investment Type Stabilized
Multifamily | 101 Units | $100,000/unit
Marketing description
Rare opportunity to acquire a 101-unit multifamily portfolio on Sioux Falls' east side — one of the largest single-asset offerings currently on the market. Spanning three adjacent addresses across 4.5 acres with a mix of one- and two-bedroom units, onsite garages, laundry, controlled access, and dedicated maintenance. Built in 1976 with additional construction in 2016. Strong in-place income with upside through continued rent growth. Financials available upon request.
Investment highlights
- Garages
- Laundry Facilities
- Controlled Access
Listing Contacts
Listed by Gateway Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$699,203.00
$58,266.92/mo
Valuation Metrics
0
DSCR
6.92%
Cap Rate
6.92%
ROI
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