Tennis Lane 10-Plex

4909 S. Tennis Lane 4915 S. Tennis Lane Sioux Falls, SD

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Sale Price: $975,000

Total Available Space: 0 Sq. Ft.

Property Type: Multi-Family

Property Description

Property Features

  • Two buildings
  • 4909:
    • Four - 2 bedroom units
    • One studio
    • Year built: 1996
    • New boiler: 2013
    • New roof: 2014
  • 4915:
    • Four - 3 bedroom units
    • One - 1 bedroom
    • Year built: 1999
    • New roof: 2014
  • 11 garages
  • Total lot size: 26,085 sq. ft. (.60 acres)
  • Zoned: RA1

Pricing

  • List price: $975,000 ($97,500/ unit)
  • Total 2018 Real Estate Taxes: $14,324
  • Cap rate: 6%

Location

  • Located just east of 57th & Louise Avenue, with quick access to I-229
  • Area neighbors include: Jimmy John’s, Panchero’s, Super Cuts, Hot Springs Spas, Minnwest Bank, Spezia, Empire Mall

Brokers

Michael Martin, CCIM

Senior Vice President

Office Phone: (605) 444-7105

Michael joined the NAI Sioux Falls team in 2011 as our Commercial Property Manager.  In 2015 Michael transitioned to an Associate with NAI Sioux Falls.

View Michael's Profile