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$ 10,100,000
Est. payment | /mo
33,552 SqFt
$ 10,100,000
Est. payment | /mo
33,552 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 33,552 sqft
Price per Sqft $301
Subdivision Stoney Hollow Addn
MLS Listing ID 22602498
Year Built 1976
Lot Size 0.770 Acres
Property Sub-Type Other
Property Description
101-unit multifamily community across 9 buildings featuring 57 two-bedrooms and 44 one-bedrooms. Two buildings were constructed in 2016 with the remaining 7 built in 1976, offering a natural value-add opportunity. 44 on-site garages provide a strong ancillary income stream. At 101 units, this asset supports professional third-party management, reducing operational burden while maximizing net returns. Positioned along E 26th Street with direct access to Dawley Farm Village and Veterans Parkway, all backed by Sioux Falls' no state income tax environment and a deep, durable renter base.
Location
State SD
County Minnehaha
Area Sfe008
Rooms
Basement None
Interior
Heating Natural Gas
Flooring Carpet, Vinyl
Exterior
Exterior Feature Wood, Metal/Vinyl
Roof Type Shingle Composition
Building
Sewer City Sewer
Water City Water
Schools
Elementary Schools Harvey Dunn Es
Middle Schools Ben Reifel Middle School
High Schools Washington Hs
School District Sioux Falls
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LIsted by Gateway Real Estate Advisors • Daniel Stillson
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