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3400-3404 East 11Th St Sioux Falls, SD 57103

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For Sale
$6,550,000

Two buildings with 84 units, high occupancy, and remodeling.

Property size:
70,272 SF

Property Features for 3400-3404 East 11Th St

General Information

Size
70,272 SF

Building Details

Year built
1976

Source: Marcus Benson Agent Marcus Benson

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


Overview

Sioux Falls Multifamily Investment Opportunity

This property features two buildings, each containing 42 units, situated on a 2.2-acre lot. Constructed in 1976, the buildings total 70,272 square feet and are zoned RA-2. The unit mix includes 28 two-bedroom/one-bath units, 54 one-bedroom/one-bath units, and 2 studio apartments. There are 40 garages available. A significant portion of the units, specifically 54 out of the 84, have been remodeled. The current occupancy rate is 95.24%. Common area laundry facilities are available. The landlord is responsible for water, garbage, and gas expenses, while tenants cover their electric bills. Heating is provided by a boiler system.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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
-96.6842459
Latitude
43.5454266

FAQs

What type of property is this?
Apartment building - Two buildings with 84 units, high occupancy, and remodeling.
Where is this apartment building located?
The property is located at 3400-3404 East 11Th St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $6,550,000.
What are key features of this property?
This property features: - High Occupancy Rate: 95.24% current occupancy indicates strong tenant demand; - Significant Remodeling: 54 out of 84 units have been remodeled, offering updated living spaces; - Diverse Unit Mix: Combination of two-bedroom, one-bedroom, and studio units caters to a wide range of renters
More about this property
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