Listed by Bender Commercial
$5,100,000
Eastpointe Townhomes
Details
Property Type Multifamily
Sub Type Apartment Building
Units 48
Cap Rate 5.04%
NOI $257,175
Tenancy Multi
Pro-Forma Cap Rate 6.4%
Pro-Forma NOI $326,241
Year Built 1994
Year Renovated 2022
Buildings 8
Stories 2
Acreage 4.850
Investment Type Stabilized
Sale Condition N/A
Eastside Multifamily | 48 Units
Marketing description
- Two-story construction with private entrances and functional family-oriented layouts.
- Units feature central heat and air, eat-in kitchens, walk-in closets, patios/yards, and private entrances.
- Detached single-stall garages included with rent, enhancing tenant appeal and reducing parking friction.
- Townhome configuration provides lower turnover and higher tenant retention compared to traditional apartment product.
- Situated on the east side of Sioux Falls near Washington High School, supporting consistent renter demand from local households.
- Established residential setting appealing to tenants seeking space, privacy, and suburban feel.
- 41 of the 48 units have been updated since 2021.
Listing Contacts
Listed by Bender Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$257,174.68
$21,431.22/mo
Valuation Metrics
0
DSCR
5.04%
Cap Rate
5.04%
ROI
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