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    OFF-MARKET
    Commercial real estate

    2809 Bragstad Dr, Sioux Falls, SD 57103

    Built 1993
    Property ID
    US79-0065121
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a six-unit apartment complex ideally situated in the desirable Southeast Sioux Falls neighborhood, close to local bike trails. The property comprises two buildings, each two stories high, constructed in 1993. The complex boasts a total of six spacious units, currently enjoying 100% occupancy. Two buildings each house three units. Two units in each building offer four bedrooms and two and a half bathrooms, while the third unit in each building features three bedrooms and two and a half bathrooms. Each unit includes a private garage stall and an additional parking space in the shared lot. The thoughtfully designed floor plans feature bedrooms, laundry facilities with washer/dryer included, and a full bathroom upstairs. The main level encompasses a living room, eat-in kitchen, and a half bathroom. A full basement provides extra living space with a family room, a three-quarter bathroom, and an additional bedroom. Each unit is equipped with its own furnace, air conditioning, and water heater, ensuring independent climate control and utility management. The units are in excellent condition and maintain consistently high occupancy rates, making this a truly attractive investment prospect. The asking price for this turnkey multifamily property is $1,325,000. The property is located at 2809 and 2805 E Bragstad Dr, Sioux Falls, SD 57103, in Minnehaha County.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1993
    UPID US79-0065121
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • TRUE WORSHIPERS HELPS MINISTRY Emergency Management Ministry
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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