Multi-family investment with 62 units in a convenient, east central Sioux Falls location.

32 units – 2 bed, 1 bath

30 units – 3 bed, 1.5 bath

8% rent increase approved in 2025. Seller anticipates 5% rental increase approval for 2026.

Low Historic Vacancy – 2025 YTD: 1.27%, 2024: 2.23%, 2023: 2.10%, 2022: 2.05%

Units amenities include microwave, oven, central AC, playground, dishwasher, washer/dryer, picnic area, and storage spaces.

No pets on property.

Tenant pays heat, electric, and cable.

Property is in the extended use period of the LIHTC program. See brochure for details.