5500 44Th StSioux Falls, SD 57106

For Sale
$2,280,000

24-Unit Apartment Building, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 24-unit apartment building presents a compelling investment opportunity in Sioux Falls, South Dakota. Situated on a 1.19-acre lot at 5500 W 44th St, zip code 57106, this three-story, 23,190 square foot building was constructed in 1990. The property boasts a mix of unit sizes to cater to diverse renter needs: six one-bedroom units ranging from 800 to 950 square feet, and eighteen two-bedroom units ranging from 1,000 to 1,030 square feet. All units feature modern conveniences including dishwashers, microwaves, ovens, and refrigerators. One-bedroom units have wall unit central air, while other units have central air. Each unit also includes a spacious patio or balcony and walk-in closets. The building's prime location offers easy access to the Empire Mall (less than a mile away), Oscar Howe Elementary School, and Roosevelt High School. Tenants are responsible for electricity, while the owner covers heat, water, and garbage. Attached garages provide added convenience. This property offers ample natural light and spacious floor plans, making it an attractive option for renters. Financial details are available upon request. The asking price for this multifamily investment is $2,280,000.

Highlights

  • $2,280,000 asking price for this multifamily investment opportunity.
  • 24-unit apartment building totaling 23,190 square feet.
  • Located in Sioux Falls, SD, at 5500 W 44th St, 57106, near Empire Mall, schools, and Marion Park.
  • Features a mix of one- and two-bedroom units with attached garages, patios/balconies, and in-unit amenities (dishwashers, microwaves, ovens, refrigerators).
  • Building constructed in 1990, three stories on a 1.19-acre lot.

Property Details for 5500 44Th St

Property type
Multifamily properties, Apartment buildings
Square Feet
23,190 SF
Year Built
1990
Stories
3
Lot Size (sq. ft)
51,836 SF
Units
24

Location Insight

City
Sioux Falls
County
Minnehaha
State
South Dakota
Latitude
43.5129343
Longitude
-96.7944481
5500 44Th St, Sioux Falls, South Dakota

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5500 44Th St
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