3512 W Hughes Pl - Apartments FOR SALE


Sioux Falls, SD 57108
$2,400,000 USD
605-261-2215
3512 W Hughes Pl, Sioux Falls, SD for Sale
$2,400,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

3512 W Hughes Pl
Sioux Falls, SD 57108


HIGHLIGHTS

  • Historically high occupancy
  • One owner property. Current owner built all the building.

OVERVIEW

Discover this investment opportunity in Sioux Falls, SD. This assembled portfolio of twin homes, built in 2004 and owned by one owner, boasts a history of strong occupancy, The portfolio includes the following addresses: 3500 W. Hughes Place, 3502 W. Hughes Place, 3512 W. Hughes Place, 3514 W. Hughes Place, 3516 W. Hughes Place, 3518 W. Hughes Place, 3600 W. Hughes Place, and 3602 W. Hughes Place. All the properties are located in a homeowner’s association (HOA). Please contact listing broker for details. All the photos were provided by the seller / owner. NOTE: The seller prefers to sell the properties as a complete portfolio. These twin homes are ideally situated near schools, restaurants, retail shopping centers, and major highways, ensuring potentially consistent tenant demand. Each unit averages approximately 2,400 sq. ft. and features 4 bedrooms, 3 bathrooms, and attached two-stall garages. Current monthly rents range from $1,600 to $1,850, with potential for increases. The portfolio consists of 8 rentable units, comprising 4 twin homes. The properties are located near retail stores along Louise Avenue, one of Sioux Falls’ busiest commercial corridors. The area offers a variety of dining options, from fast food to casual dining and local favorites. Platinum Valley Park provides green space, a picnic area, a ball field, and other recreational facilities, while healthcare needs are well-supported with Sanford Health and Avera Health facilities nearby. The property also benefits from easy access to I-29 and I-229, ensuring straightforward commuting, This offering represents a rare opportunity to acquire a strategically located, historically high-occupancy residential portfolio in the thriving Sioux Falls, SD market. Please contact Brooks Commercial Real Estate at least 24 hours before your scheduled showing so I can inform the residents in advance. Please refrain from disturbing management or residents. All property tour requests must be made and confirmed through Brooks Commercial Real Estate. Thank you for helping us minimize on-site disruptions.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

8

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Reno Twinhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,269 SF

ZONING

Residential

APN/PARCEL ID

280.87.01.004A,280.87.01.004B,280.87.01.005A,280.87.01.005B,280.87.01.006A,280.87.01.006B,280.87.01.007A,280.87.01.007B

ASK ABOUT THIS PROPERTY

Jeff BrooksBrooks Commercial Real EstateMore Info
605-261-2215

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

Jeff BrooksBrooks Commercial Real EstateMore Info
605-261-2215

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