4 Plex Apartment - Summit Avenue - Pettigrew Heights
Off Street Parking, Coin Op Laundry
Marketing description
- 4 Units
- Unit 1 - 2 Bedroom / 1 Bathroom
- Unit 2 - 1 Bedroom / 1 Bathroom
- Unit 3 - 1 Bedroom / 1 Bathroom
- Unit 4 - 2 Bedroom / 1 Bathroom
- 3,432 Square Feet
- $124.00 Per Square Foot
- $106,250 Per Unit
- Rent Ranges $635 - $850 a Month For Each Unit
- 6,600 Square Foot Lot
- Off Street Parking
- On Site Coin-Operated Laundry
- Separately Metered Electric Which Each Tenant Pays
- Landlord Currently Pay Garbage, Water, Snow Removal and Lawn Care
- Fully Occupied and Stable Occupancy in Complex
Investment highlights
FOR SALE | 4-PLEX APARTMENT INVESTMENT – SIOUX FALLS
This well-maintained four-unit apartment property is ideally located near downtown Sioux Falls, surrounded by a collection of the area’s most desirable historic homes. The asset offers a compelling combination of strong location fundamentals, functional unit layouts, and stable in-place income.
Each unit is equipped with electric appliances and features large windows that provide abundant natural light. Tenants also benefit from access to a shared, coin-operated laundry facility, enhancing convenience and operational efficiency.
The property’s proximity to downtown Sioux Falls provides tenants with easy access to a wide array of dining, retail, and entertainment amenities, supporting long-term occupancy and consistent rental demand.
Investment Highlights:
- Proforma NOI exceeds $29,000 at a 6.87% cap rate
- $106,250 Per Unit
This offering presents an excellent opportunity for investors seeking a stable, income-producing asset in one of Sioux Falls’ most established and sought-after neighborhoods.
Co-Listed With:
Dana Fisher, Grand Sotheby’s International Realty
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