Sioux Falls Commercial Real Estate

Multi-Family

Newman Apartments

Click for larger image
110, 112, 114 & 116 W. 43rd Street
Sioux Falls, SD

Space Available: 16 units

For Sale: $795,000

Property Description

  • 16 units in four individual split-foyer style buildings housing four units each.
  • Located on W. 43rd Street, a quiet residential street just north of I-229 and west of S. Phillips Avenue.
  • Priced below recent appraisal.
  • Unit mix includes four two-bedroom, one-bath 798 sq. ft. units per building.
  • 9.21% Cap Rate.
  • Common laundry facilities in each building.
  • Landlord pays water, sewer, trash and heat.
  • Tenant pays electric.
  • Detached four two-stall garages just east of Building 110.
  • Paved on-site parking includes 16 stalls.
  • Off-street parking.
  • New roofs (2006 & 2007) on the 112 and 114 buildings.
  • Financials provided to qualified buyers upon request.

Brokers

Jeff Brooks

Jeff joins NAI Sioux Falls after acquiring experience in the banking, sales and property management fields. Most recently, Jeff worked as a Regional Property Manager for a large property management company located in Sioux Falls, SD.

Learn more about Jeff