48-unit townhome community in east Sioux Falls offered at $5,100,000 ($106,250 per unit) on 4.85 acres, priced well below replacement cost. Built in 1994 with 41 of 48 units renovated since 2021, this two-story property delivers a differentiated product with private entrances, patios or yards, walk-in closets, eat-in kitchens, and a detached single-stall garage included with every unit. Unit mix includes 26 three-bedroom/1.5-bath units (1,050 SF) and 22 two-bedroom/one-bath units (850 SF), attracting family-oriented tenants who drive lower turnover and stronger retention than traditional apartment product. Tenants pay gas and electric; owner utility exposure is limited to water/sewer and trash. Year 1 proforma projects NOI of $326,241 on gross potential rent of $577,920, with additional income through RUBS, pet rent, and laundry. Value-add opportunity remains through completing the seven unrenovated units and optimizing RUBS recovery. Located near Washington High School and Arrowhead Parkway with convenient access to Veterans Parkway and the broader east Sioux Falls employment and retail corridor. Comparable sales average $114,643 per unit, supporting near-term equity upside from day one. Contact listing broker for financials and to schedule a tour.