5 Unit Apartment For Sale-West 8th Street-Pettigrew Heights
Garage, Off Street Parking, Coin Op Laundry
Marketing description
- 5 Units, All - 1 Bedroom / 1 Bathroom
- 2,996 Total Square Feet
- $175.00 Per Square Foot
- $105,000 Per Unit
- Rent Ranges $700 + a Month For Each Unit
- 5,445 Square Foot Lot
- Off Street Parking & Garage
- On Site Coin-Operated Laundry
- Separately Metered Electrical Which Tenant Pays
- Landlord Currently Pays Gas, Garbage, Water, Snow Removal and Lawn Care
- Fully Occupied and Stable Occupancy In Complex
Investment highlights
FOR SALE | 5-PLEX APARTMENT INVESTMENT – SIOUX FALLS
Well-maintained 5-unit apartment complex is ideally located near downtown Sioux Falls, surrounded by some of the city’s most desirable historic homes. This asset offers stable income potential.
Each unit is equipped with electric appliances and features large windows that provide abundant natural light. Tenants also benefit from access to a coin-operated laundry facility and a private patio area.
The property’s proximity to downtown allows for convenient access to a wide range of dining, retail, and entertainment options, enhancing tenant appeal and long-term occupancy.
Investment Highlights:
- Proforma NOI exceeds $35,000 at a 6.67% cap rate
- $105,000 Per Unit
This is an excellent opportunity for investors seeking a stable, income-producing property in one of Sioux Falls’ most sought-after areas.
Co-Listed With:
Dana Fisher of Grand Sotheby International Realty
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