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$2,400,000
Est. payment /mo
32 Beds
24 Baths
19,200 SqFt
UPDATED:
12/16/2024 07:44 PM
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 19,200 sqft
Price per Sqft $125
Subdivision Platinum Valley 2Nd
MLS Listing ID 22408816
Bedrooms 32
Year Built 2004
Lot Size 1.293 Acres
Acres 1.293
Lot Dimensions Please contact listing broker.
Property Description
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 homeowner'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 Falls' 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.
Location
State SD
County Lincoln
Area Sf-S005
Interior
Heating Forced Air
Cooling Central Electric
Appliance Refrigerator, Oven/Range, Dishwasher, All Units
Exterior
Roof Type Shingle Composition
Building
Story 1
Water City Water
Schools
Elementary Schools Harrisburg Explorer Es
Middle Schools South Middle School - Harrisburg School District 41-2
High Schools Harrisburg Hs
School District Harrisburg
Others
Security Features Smoke Detector
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Listed by Brooks Commercial Real Estate • Jeffrey P Brooks