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1300 West Russell St Sioux Falls, SD 57104

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For Sale
$3,500,000

Multifamily property with high cap rate and income potential.

Building Details

Year built
1979

Source: Dale Zomer Agent Dale Zomer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Multifamily Investment Opportunity

This multifamily property offers a potential investment opportunity. As of January 2025, all units operate as monthly rentals, generating rent rolls of $600 to $700 per room. The property features 100 rooms. The projected Net Operating Income (NOI) for 2025 is $430,000. The property has a cap rate of 12% and minimal overhead with monthly rentals. This property is located in Sioux Falls, SD and presents an opportunity for owner occupancy.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Sioux Falls Inn Extended Stay Hotel

Suggested Use

Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Sioux Falls
County
Lincoln
State
South Dakota
Longitude
-96.7440523
Latitude
43.5646198

FAQs

What type of property is this?
Apartment building - Multifamily property with high cap rate and income potential.
Where is this apartment building located?
The property is located at 1300 West Russell St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: - High Cap Rate: 12%; - Projected Net Operating Income (NOI): $430,000 (2025); - 100 Rooms
More about this property
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