Sioux Falls Commercial Real Estate

Multi-Family

44 Unit Apartment Complex

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Sioux Falls, SD

Space Available: 44 Units

For Sale: $2,575,000

Property Description

  • Forty-four unit apartment complex located in southwest Sioux Falls near the Empire Mall.
  • Unit mix includes: Twenty-four one-bedroom, one bath
    Twenty two-bedroom, two bath
  • One bedrooms units range from 655 sq. ft. to 910 sq. ft. and two bedroom units are 1,121 sq. ft.
  • 58 underground parking spaces and off-street parking available in three parking lots.
  • Professional management in place.
  • Laundry facilities on each floor.
  • Some units have washer/dryer hookups.
  • Stove/oven, refrigerator, dishwasher, garbage disposal in each unit. Some units have micro-hoods.
  • Controlled access.
  • Fitness/workout room.
  • Wheelchair access.
  • Geothermal heat.
  • Community room.
  • Central air conditioning in each unit.
  • Tenant pays electricity, cable and phone.
  • Landlord responsible for water, sewer, garbage, snow removal, lawn care and maintenance.
  • Located one block east of S. Louise Avenue. Neighbors include Hy-Vee Foods, Empire Mall and Empire East, Sioux Empire Fitness, Beakon Centre, Village on Louise , Sanford Wellness Center, Sanford Clinic Pediatric and Success Academy.
  • Financials will be provided to qualified buyers upon request and a signed confidentiality agreement.
  • This asset to be shown by appointment only.

Brokers

Jeff Brooks

Broker Associate

Jeff joins NAI Sioux Falls after acquiring experience in the banking, sales and property management fields. Most recently, Jeff worked as a Regional Property Manager for a large property management company located in Sioux Falls, SD.