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.