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1401 S Covell Ave
Sioux Falls, SD 57105
Asking Price
$4.00M
Asset Type
Religious/Church Special-purpose
Class
Class B
What's Special
Special Purpose | 60,418 SqFt <ul><li>Newer boiler; Recent roof repairs; new sanctuary carpet; exterior painting touch-ups; asbestos removed in 1991 remodel; sprinkler system in main meeting areas; weekend overflow parking in adjacent property lots</li><li>Building 60,418 sq. ft.</li><li>Land: 2.0 AC - 86,962 sq. ft.</li><li>4 Story building</li><li>Elevators - ADA compliant</li><li>Building sprinklers</li><li>2 commercial Kitchens</li><li>4 large meeting areas</li><li>Charming courtyard</li><li>87 parking on-site
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NOI
$80,000
Cap Rate
2.00%
DSCR
0.34
Underwater
Cash-on-Cash
-13.12%
Monthly Payment
$19,789.818
Annual Cash Flow
$-157,477.81