Hosta Townhomes at Brooks Crossing
42-Unit Townhome-Style Apartment Portfolio | Nearly New | SE Sioux Falls | 1031 Exchange
Marketing description
SE Sioux Falls. Arguably the best submarket in the city for workforce rental demand — and this is right in the heart of it.
📍 S. Hosta Ave near E. 57th & S. Sycamore Ave
42 townhome-style apartment homes. Attached garages. In-unit laundry. Open floor plans. Private patios. Primary suites in the 3-bed units.
No state income tax. Growing market. Strong demand. Nearly new product.
This is what a portfolio-builder looks like.
Reach out to learn more. Rent roll and financials available to qualified buyers.
#SiouxFallsRealEstate #MultifamilyInvestment #1031Exchange #IncomePropery #SouthDakota #RealEstateInvesting
Floor Plan Overview:
Each home features an open-concept main floor with a kitchen with bar seating, dining area, living room, and sliding doors to a private patio. A mudroom connects the living space to the attached garage. Upstairs, residents enjoy all bedrooms, an in-unit laundry center, and a full bathroom. Three-bedroom floor plans include a primary suite.
The Sioux Falls Advantage:
Sioux Falls continues to rank among the strongest Midwest markets for multifamily investment. South Dakota levies no state income tax, the local employment base is diverse and expanding, and the metro population is growing steadily — all driving consistent, durable rental demand. The SE corridor specifically benefits from proximity to major employers, established retail, and top-rated schools, making it a preferred destination for workforce renters.
Ideal for 1031 Exchange Buyers:
This asset offers the scale, quality, and operational simplicity that exchange buyers need. With 42 income-producing doors, nearly new construction, low management complexity, and strong submarket fundamentals, this portfolio is built to perform from day one.
Contact listing agent for rent roll, current financials, and to schedule a private tour.
Investment highlights
Rare opportunity to acquire a 42-unit townhome-style apartment portfolio in one of Sioux Falls' most desirable southeast neighborhoods. Located on S. Hosta Ave near the intersection of E. 57th St and S. Sycamore Ave, this nearly new community offers institutional-quality amenities in a market with exceptional rental fundamentals.
Unit Mix:
Property Highlights:
- Attached garage on every unit — a premium differentiator in this submarket commanding higher rents and reducing vacancy
- Diverse unit mix — three floor plans spanning 2- and 3-bedroom configurations reduce concentration risk and broaden renter appeal
- Nine 2-car garage units (Plan C) — positioned to command top-of-market rents and attract high-quality, long-term tenants
- In-unit laundry in every home — proven tenant retention driver
- Nearly new construction — low deferred maintenance and minimal near-term capital expenditure requirements
- Townhome-style design — private entries, no shared hallways, and a home-ownership feel that reduces turnover and supports premium pricing
Listing Contacts
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