Listed by Gateway Real Estate Advisors
$1,700,000
Oakridge Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,250
Net Rentable (SqFt) 13,250
Units 17
Cap Rate 5.76%
NOI $98,001
Occupancy 100%
Price per SqFt $128
Class C
Year Built 1969
Year Renovated 2021
Buildings 1
Stories 3
Acreage 0.398
Zoning Commercial
Investment Type Value Add
Multifamily | 17 Units | $100,000/unit
Marketing description
17-unit brick multifamily building in one of Sioux Falls' most central locations. Features one- and two-bedroom units, large garages, and on-site laundry. Minutes from downtown, the 41st Street corridor, and Sioux Falls' two major hospital systems. Low overhead, and minimal management intensity. Financials available upon request.
Investment highlights
- 6 x 1 Bedroom Units
- 11 x 2 Bedroom Units
- Large Garages
- Laundry Facilities
Listing Contacts
Listed by Gateway Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,001.00
$8,166.75/mo
Valuation Metrics
0
DSCR
5.76%
Cap Rate
5.76%
ROI
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