4617 S Baha Ave - Apartments FOR SALE


Sioux Falls, SD 57106
$2,100,000 USD
605-681-8351
4617 S Baha Ave, Sioux Falls, SD for Sale
$2,100,000 USD
Apartments - FOR SALE
1/13
null | 7.94% Cap Rate

4617 S Baha Ave
Sioux Falls, SD 57106


OVERVIEW

Value-add townhome community offering 21 units across three buildings at $2,100,000 ($100,000 per unit) with a 7.94% cap rate in south Sioux Falls. Built in 1980 with significant capital improvements including 30-year Diamond Coat LP Smart siding replaced in 2023 and Malarky roof replaced in 2020. Unit mix includes 13 two-bedroom, one-bath units (800 SF) and 8 three-bedroom, two-bath units (1,000 SF), totaling 18,400 SF of rentable space on 1.27 acres with 35 surface parking spaces. In-unit washer and dryer in all units along with central air and gas furnace heating systems enhance tenant appeal. Located on South Baha Avenue with convenient access to 41st Street and 57th Street retail corridors near The Empire Mall. Property benefits from Sioux Falls' strong rental market fundamentals with consistent population growth and expanding employment base. Contact listing brokers for detailed financials and property tour.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$57 USD /SF

# OF UNITS

21

PRICE/UNIT

$100,000

CAP RATE

7.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baha Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

RA-1

APN/PARCEL ID

28526,28527

ASK ABOUT THIS PROPERTY

Alex SoundyBender Commercial Real Estate ServicesMore Info
605-681-8351

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Alex SoundyBender Commercial Real Estate ServicesMore Info
605-681-8351

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