Sioux Falls SD Multi Family for Sale
$2,400,000
3500 W Hughes Pl Sioux Falls, SD 57108
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.29 Acres
- Year built:
- 2004
- Baths:
- MLS#:
- 22408816
- Subdivision:
- Platinum Valley 2nd
ADDITIONAL INFORMATION
Discover this investment opportunity in Sioux Falls, SD. This assembled portfolio of twin homes, built in 2004 and owned by one owner, boasts a history of strong occupancy. The portfolio includes the following addresses: 3500 W. Hughes Place, 3502 W. Hughes Place, 3512 W. Hughes Place, 3514 W. Hughes Place, 3516 W. Hughes Place, 3518 W. Hughes Place, 3600 W. Hughes Place, and 3602 W. Hughes Place. All the properties are located in a homeownerâ??s association (HOA). Please contact listing broker for details. NOTE: The seller prefers to sell the properties as a complete portfolio. These twin homes are ideally situated near schools, restaurants, retail shopping centers, and major highways, ensuring potentially consistent tenant demand, Each unit averages approximately 2,400 sq. ft. and features 4 bedrooms, 3 bathrooms, and attached two-stall garages. Current monthly rents range from $1,600 to $1,850, with potential for increases. New roofs in 2023 and the exteriors were painted in 2024. The portfolio consists of 8 rentable units, comprising 4 twin homes. The properties are located near retail stores along Louise Avenue, one of Sioux Fallsâ?? busiest commercial corridors. The area offers a variety of dining options, from fast food to casual dining and local favorites. Platinum Valley Park provides green space, a picnic area, a ball field, and other recreational facilities, while healthcare needs are well-supported with Sanford Health and Avera Health facilities nearby. The property also benefits from easy access to I-29 and I-229, ensuring straightforward commuting. This offering represents a rare opportunity to acquire a strategically located, historically high occupancy residential portfolio in the thriving Sioux Falls, SD market.
$1,594,800
7442 S Louise Ave Sioux Falls, SD 57108
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.05 Acres
- Year built:
- 2010
- Baths:
- MLS#:
- 22408043
- Subdivision:
- Auburn Hills Addn
ADDITIONAL INFORMATION
Prime south side location for an exciting investment opportunity to own several individual condo units in the same building. All units are currently occupied and the historic occupancy rate is over 95%. Monthly HOA dues for professional management of building maintenance, plus insurance that even covers the inside of each condo. Elevator in the building allows easy access to all floors and units. Covenants in place to ensure units can not be used as short term rentals. This offering includes a mix of one bedroom/one bath condos and two bedroom/two bath condos. All of the condos included in this offering are individual units that can now be purchased with secondary market financing. Creative seller will consider home trades or owner financing. REALTOR owned.
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Sioux Falls Real Estate
The median home value in Sioux Falls, SD is $308,600. This is lower than the county median home value of $343,600. The national median home value is $338,100. The average price of homes sold in Sioux Falls, SD is $308,600. Approximately 57.08% of Sioux Falls homes are owned, compared to 37.52% rented, while 5.41% are vacant. Sioux Falls real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Sioux Falls real estate agent to arrange a tour today!
Sioux Falls, South Dakota 57108 has a population of 189,258. Sioux Falls 57108 is less family-centric than the surrounding county with 32.55% of the households containing married families with children. The county average for households married with children is 42.53%.
The median household income in Sioux Falls, South Dakota 57108 is $66,761. The median household income for the surrounding county is $87,560 compared to the national median of $69,021. The median age of people living in Sioux Falls 57108 is 34.5 years.
Sioux Falls Weather
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 6.3 degrees. The average rainfall is approximately 26.7 inches per year, with 37.6 inches of snow per year.