59,544 SqFt
59,544 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 59,544 sqft
Price per Sqft $133
Subdivision Brooks Crossing Addition To The City Of Sioux Falls
MLS Listing ID 22604670
Year Built 2021
Lot Size 3.081 Acres
Property Sub-Type Other
Property Description
S. Hosta Ave | Near E. 57th St & S. Sycamore Ave | Sioux Falls, SD
The Property
42 nearly new townhome-style apartment homes tucked away on S. Hosta Ave in one of Sioux Falls' most desirable southeast corridors. Each home features an attached garage, a mudroom entry, and a refreshing open-concept floor plan that today's renters are actively searching for.
Proforma NOI is $426,042.18
CAP Rate 5.36%
Inside Every Home
Main Floor
Open-concept kitchen with bar seating
Dining area & living room
Sliding doors to private patio
Mudroom off the attached garage
Upper Floor
All bedrooms upstairs
In-unit laundry center
Full bathroom
3-bedroom plans include a primary suite
Why This Asset Stands Out
? 42 doors at meaningful scale — institutional quality, attainable price point
? Diverse unit mix — 2-bed and 3-bed options broaden your renter pool and reduce concentration risk
? Attached garages on every unit — a premium amenity in this market that drives higher rents and longer tenancies
? Two-car garage units — the 9 Plan C homes command top-of-market rents and attract high-quality, long-term tenants
? In-unit laundry — the #1 amenity renters cite for lease renewals
? Nearly new construction — minimal deferred maintenance, low near-term capex, and modern finishes tenants expect
? Townhome-style design — no shared hallways, private entries, and a home-ownership feel that reduces turnover
The Sioux Falls Advantage
Sioux Falls consistently ranks among the Midwest's top rental markets — no state income tax, a diversified and growing employment base, and steady population growth all fuel durable rental demand. The southeast corridor in particular benefits from proximity to major employers, retail centers, and top-rated schools, making it one of the city's most attractive quadrants for workforce housing.
Level Up Your Income Property Portfolio.
42 doors. Nearly new. Three floor plans. Premium amenities. A location tenants want to stay in. This is the kind of well-rounded asset that anchors a portfolio and performs for decades.
Location
State SD
County Minnehaha
Area Sfse09
Rooms
Basement None
Interior
Heating Forced Air, Natural Gas
Flooring Carpet, Vinyl
Exterior
Exterior Feature Hard Board
Roof Type Shingle Composition
Building
Foundation Slab-on-Grade
Sewer City Sewer
Water City Water
Schools
Elementary Schools John Harris Es
Middle Schools Ben Reifel Middle School
High Schools Washington Hs
School District Sioux Falls
Others
Miscellaneous Separate Meters,Individual Water Heater,Individual Heat and Air
NEARBY SCHOOL & BUSINESS
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
5915 S Remington Pl, Suite 100, Sioux Falls, SD, 57108, USA