501 S Wheatland Ave - Apartments FOR SALE


Sioux Falls, SD 57106
$8,700,000 USD
605-336-7600
501 S Wheatland Ave, Sioux Falls, SD for Sale
$8,700,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

501 S Wheatland Ave
Sioux Falls, SD 57106


HIGHLIGHTS

  • Well-maintained townhomes on the growing west side of Sioux Falls, SD
  • New roof in 2023
  • Property is in the extended use period of LIHTC program

OVERVIEW

110 townhome units on 9.6 acres in northwest Sioux Falls. 24 3-bedroom units: 1,144 – 1,320 SF, $795 – $1,093 per month. 86 2-bedroom units: 933 – 999 SF, $698 – $895 per month. New roof in 2023. Well-maintained townhome development on the growing west side of Sioux Falls, SD. Property is in the extended use period of LIHTC program. See brochure for details.

FOR SALE DETAILS

PRICE

$8,700,000 USD

PRICE/SF

$64 USD /SF

# OF UNITS

110

PRICE/UNIT

$79,091

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Williamsburg Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2004

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.75 AC

LAND SF

206,910 SF

ZONING

-

APN/PARCEL ID

78175

ASK ABOUT THIS PROPERTY

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

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

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