Listed by NAI Sioux Falls
$250,000
518 W. 16th Street
Details
Property Type Multifamily
Sub Type Apartment Building, High-Rise
Square Footage 1,536
Units 3
NOI $17,859
Occupancy 66.66%
Tenancy Multi
Pro-Forma Cap Rate 7.14%
Class C
Year Built 1947
Lot Size (SqFt) 4,400
Investment Type Value Add
518 W. 16th Street, Sioux Falls, SD 57104
Marketing description
Situated along West 16th Street between Spring Avenue and Duluth Avenue, the property is located within Sioux Falls' established Pettigrew Heights neighborhood, one of the city's oldest residential districts known for its historic character and central location.
Investment highlights
- One vacant unit; two units on month-to-month leases
- Roof, exterior paint, and water heater updated within the last 15 years
- Unit mix: one 1-bed/1-bath unit and two 2-bed/1-bath units
- Two garage stalls
- Landlord pays water, gas, and garbage
- Landlord pays water, gas, and garbage
- Occupancy: 66.66%
- Building Size: 1,536 SF
- Lot Size: 4,400 SF
Listing Contacts
Listed by NAI Sioux Falls
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$17,859.00
$1,488.25/mo
Valuation Metrics
0
DSCR
7.14%
Cap Rate
7.14%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
