3400-3404 East 11Th St Sioux Falls, SD 57103
Two 42-unit buildings with remodeled units and high occupancy.
Building Details
- Year built
- 1976
Source:
Siouxfallscommercial
Listing Agent: Marcus Benson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Sioux Falls Multifamily Investment Opportunity
This multifamily property features two 42-unit buildings constructed in 1976. The unit mix includes 28 two-bedroom/one-bath units, 54 one-bedroom/one-bath units, and 2 studio apartments. Of the 84 units, 54 have been remodeled. The property includes 40 garages. Situated on a 2.2-acre lot, the buildings total 70,272 square feet. 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 electric costs. The zoning is RA-2 and the property is heated by boiler.
Location Intelligence
Current Use by Public Records
Apartment buildings
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 42-unit buildings with remodeled units and high occupancy.
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 $6,250,000.
What are key features of this property?
This property features: - High occupancy rate of 95.24%; - 54 out of 84 units have been remodeled; - Substantial building size of 70,272 SF on a 2.2-acre lot