Listed by Hegg REALTORS Inc
$2,750,000
41ST STREET MULTI-FAMILY
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 28,288
Units 32
Beds 2
Pro-Forma Cap Rate 7%
Pro-Forma NOI $192,437
Price per SqFt $97
Year Built 1970
Buildings 8
Lot Size (SqFt) 53,929
Zoning RA-2
Investment Type Stabilized
32 Units - 8 Four Plex - Located on 41st Street Sioux Falls South Dakota
Marketing description
32 unit multifamily investment opportunity consisting of eight 4 unit apartment buildings, with all units offering 2 bedrooms and 1 bathroom. The property is currently maintained at approximately 90-95% occupancy and is positioned along 41st Street, excellent visibility and convenient access to Interstate 29, employers, retail, dining, and other city conveniences, With frontage along 41st Street, one of Sioux Falls primary arterial roadways, this property presents an excellent opportunity for investors seeking to expand their multifamily portfolio or acquire a long-term income-producing asset in the Sioux Falls market.
Investment highlights
- 8 Four-Plex Buildings
- 32 Total Units
- 2 Bed, 1 Bath Units
- High Occupancy
- Off-Street Parking
- Washer/Dryer Hookups in Each Building
- Prime 41st Street Frontage
Listing Contacts
Listed by Hegg REALTORS Inc
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