519 Duluth AveSioux Falls, SD 57104

For Sale
$460,000

High-yield multifamily property in prime location.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional six-unit apartment building, located at 519 S Duluth Ave, Sioux Falls, SD 57104, presents a compelling investment opportunity. Boasting a total of 2,820 square feet on a 7,501 square foot lot, the property features nine bedrooms and six bathrooms spread across its six units. The asking price is $460,000, translating to a price per unit of $76,667 and a price per square foot of $163.12. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $28,497, resulting in an attractive 6.2% capitalization rate. This multifamily investment offers a solid return on investment in a desirable Sioux Falls location within Minnehaha County. The property's size and unit configuration make it an ideal addition to any investment portfolio, promising consistent rental income and potential for future appreciation. This is a turnkey opportunity for investors seeking a well-maintained, high-performing asset in a thriving market. Detailed financial statements are available upon request.

Property Details for 519 Duluth Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
2,820 SF
Units
6

Location Insight

City
Sioux Falls
County
Minnehaha
State
South Dakota
Latitude
43.541776448165
Longitude
-96.734185984129
519 Duluth Ave, Sioux Falls, South Dakota

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519 Duluth Ave
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