Apartment Buildings /SD /Minnehaha County /Sioux Falls /4508 E Brennan Dr
Apartment Buildings /SD /Minnehaha County /Sioux Falls /4508 E Brennan Dr

4508 E Brennan Dr - Multi-Family FOR SALE


Sioux Falls, SD 57110 | 
$5,600,000 USD
605-336-7600
4508 E Brennan Dr, Sioux Falls, SD for Sale
$5,600,000 USD
Multi-Family - FOR SALE
1/15
null | 6.42% Cap Rate
VIEW MAP
GET DIRECTIONS

4508 E Brennan Dr
Sioux Falls, SD 57110

VIEW MAP
GET DIRECTIONS

HIGHLIGHTS

  • Low historic vacancy
  • No pets on property
  • Tenant pays heat, electric, and cable

OVERVIEW

8% rent increase approved in 2025. Seller anticipates 5% rental increase approval for 2026. Low Historic Vacancy – 2025 YTD: 1.27%, 2024: 2.23%, 2023: 2.10%, 2022: 2.05% Property is in the extended use period of the LIHTC program.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

62

PRICE/UNIT

$90,323

CAP RATE

6.42%

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brennan Hills Townhomes

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.73 AC

LAND SF

206,039 SF

ZONING

-

APN/PARCEL ID

73238

ASK ABOUT THIS PROPERTY

Nick GustafsonBender Commercial Real Estate ServicesMore Info
605-336-7600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Nick GustafsonBender Commercial Real Estate ServicesMore Info
605-336-7600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

800-613-1303800-613-1303SitemapSitemapAdd a ListingTerms of UseCRE InformationPrivacy NoticeCookie PolicyExercise Your Rights
Copyright © 1997-2025 CoStar Realty Information, Inc.