Sioux Falls Commercial Real Estate

Multi-Family

Timber Creek Apartments

Click for larger image
1908 E. Rice Street
Sioux Falls, SD

Space Available: 24 units

For Sale: $875,000

Property Description

  • Three-story twenty-four unit located 1 1/2 blocks west of I-229 on E. Rice Street.
  • Unit mix includes eleven two-bedroom units and thirteen one-bedroom units.
  • New pitched roof, new vinyl siding, new windows & patio doors, new wood decks, new cabinets, doors, trim, carpet, new sheetrock on interior walls and appliances were part of a major renovation in 2001.
  • Controlled access.
  • Common area laundry.
  • Balconies on upper floors.
  • On-site management.
  • Twenty-four hour maintenance.
  • Landlord pays water, sewer, trash, snow removal and lawn care.
  • Tenant pays electric, gas and cable.
  • Excess land included in the price would allow the complex to potentially double in size.
  • Close to Laura B. Anderson Elementary and Mansor-Pioneer Park.
  • This asset to be shown by appointment only. Please do not disturb the property manager.

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.