The Maples

2600 N. Career Avenue Sioux Falls, SD

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Sale Price: $5,900,000

Building Size: 76 units

Total Available Space: 76 units

Property Type: Multi-Family

Year Built: 2003

Property Description

Property Features

  • Four buildings - details on next page
  • 76 units total
  • 61 garage stalls
  • Year built: 1993, 2008
  • Lot size: 197,292 sq. ft. (4.53 acres)
  • 115 surface parking spots
  • Zoning: RA-2
  • Owner is a licensed real estate agent in South Dakota
  • Maple Lane Apartments has been selected for the 2020 Best of Sioux Falls Award in the Apartment Operators category by the Sioux Falls Award Program

Pricing

  • List price: $5,900,000 ($77,631/ unit)
  • 2019 Real Estate Taxes Total: $68,953
  • Cap Rate: 6.7%

Location

  • Conveniently located just north of Maple Street close to I-29
  • Area neighbors include: Southeast Tech, Zeal Center for Entrepreneurship, Sonifi

Brokers

Steven Shaykett, MAI

Broker Associate

Office Phone: (605) 321-4284

Steve has over 40 years of real estate appraisal experience, which gives him valuable skill set, insight and knowledge to assist buyers and sellers in acquiring or selling all types of real estate, as well as assisting investors and developers in analyzing potential real estate projects.

View Steven's Profile