42-Unit Townhome-Style Apartment Port

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42-Unit Townhome-Style Apartment Port

Sioux Falls, SD 57110
Asking Price
$7.95M
Asset Type
Multifamily
Class
Class B

What's Special

The property is situated in a growing residential sector of Sioux Falls, South Dakota, characterized by a mix of single-family homes and modern developments. Located with convenient access to the Interstate 29 and Interstate 229 interchange, the site offers streamlined transit to the downtown core and major regional employers. The surrounding neighborhood features essential service hubs, including grocery stores, retail centers, and local dining options. Proximity to public parks and the city's extensive recreational trail system provides outdoor access for residents within a few blocks of the asset. This 42-unit townhome-style apartment community is suited for a multifamily investment strategy focused on long-term stability. The spacious layout and individual entrances cater to a tenant profile consisting of small families, dual-income professionals, and long-term renters seeking a transition between traditional apartments and single-family ownership. With Sioux Falls serving as a regional hub for healthcare, finance, and food processing, the property is positioned to serve a workforce requiring functional housing near major employment corridors. The low-density configuration aligns with contemporary market demand for private residential space.

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NOI
$80,000
Cap Rate
1.01%
DSCR
0.17
Underwater
Cash-on-Cash
-16.44%
Monthly Payment
$39,332.262
Annual Cash Flow
$-391,987.148

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