Successful Sale of Multi-Family Apartment Complex by Alex Soundy

Alex Soundy successfully orchestrated the disposition and acquisition of a substantial multi-family apartment complex in Sioux Falls. The multi-family property, boasting 120 units across two buildings, totaling an impressive 118,800 square feet on a 2.916-acre lot, was an appealing prospect for investors seeking prime real estate opportunities.

Constructed in 1967, this multi-family apartment complex features a diverse unit mix, including 78 one-bedroom, one-bath units and 42 two-bedroom, two-bath units.

Situated along Kiwanis Avenue just south of West 12th Street, and conveniently placed across from the Great Plains Zoo and Sherman Park in central Sioux Falls, the location of this property further added to its appeal. Additionally, the property came with an array of amenities such as detached parking garages, a swimming pool, on-site laundry facilities, and 118 surface parking spaces.

One of the standout features of this multi-family complex was its proximity to Garfield Elementary School, making it an ideal choice for families seeking convenient access to educational institutions. The property also included an extra 0.53-acre parcel currently utilized for parking, enhancing its overall value and potential for future development.

What truly sets this transaction apart, however, was the exceptional level of service provided by Alex Soundy. The buyer, impressed by Alex’s professionalism and commitment to excellence, stated, “Alex is one of the best agents I have worked with to date. He stayed on top of every part of the acquisition process, including due diligence, closing, and post-close. He served as an investment consultant when needed and provided invaluable advice. He worked alongside to gather the information we needed to make informed decisions and filled in the gaps with his expertise of the Sioux Falls market. We had a very good experience with Alex and hope to continue to tackle more projects with him in the future.”

This glowing testimonial is a testament to Alex Soundy’s dedication and expertise in the real estate field. His ability to navigate the complexities of the process, offer insights, and provide advice made this sale a success.