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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

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    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
    (605) 403-0333
    Request Owner's contact information
    3400-3404 East 11Th St Sioux Falls, SD 57103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3400-3404 East 11Th St Sioux Falls, SD 57103
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