Active
3500 W Hughes Pl
Sioux Falls SD, 57108
$2,400,000
$125.00 per sqft
Active
20 Beds
24 Baths
19,200 sqft
Multi-family
Built in 2004
Discover this investment opportunity in Sioux Falls, SD. This assembled portfolio of twin homes, built in 2004 and owned by one owner, boasts a history of strong occupancy. The portfolio includes the following addresses: 3500 W. Hughes Place, 3502 W. Hughes Place, 3512 W. Hughes Place, 3514 W. Hughes Place, 3516 W. Hughes Place, 3518 W. Hughes Place, 3600 W. Hughes Place, and 3602 W. Hughes Place. All the properties are located in a homeowner's association (HOA). Please contact listing broker for details. NOTE: The seller prefers to sell the properties as a complete portfolio. These twin homes are ideally situated near schools, restaurants, retail shopping centers, and major highways, ensuring potentially consistent tenant demand, Each unit averages approximately 2,400 sq. ft. and features 4 bedrooms, 3 bathrooms, and attached two-stall garages. Current monthly rents range from $1,600 to $1,850, with potential for increases. New roofs in 2023 and the exteriors were painted in 2024. The portfolio consists of 8 rentable units, comprising 4 twin homes. The properties are located near retail stores along Louise Avenue, one of Sioux Falls' busiest commercial corridors. The area offers a variety of dining options, from fast food to casual dining and local favorites. Platinum Valley Park provides green space, a picnic area, a ball field, and other recreational facilities, while healthcare needs are well-supported with Sanford Health and Avera Health facilities nearby. The property also benefits from easy access to I-29 and I-229, ensuring straightforward commuting. This offering represents a rare opportunity to acquire a strategically located, historically high occupancy residential portfolio in the thriving Sioux Falls, SD market.
22408816
MLSⓇ ID
December 9, 2024
Listed
December 16, 2024
Updated
Map
3500 W Hughes Pl
Sioux Falls SD, 57108
Interior Features
Total Stories
1
Bedrooms
20
Total Bathrooms
24
Appliances
Refrigerator, Oven/Range, Dishwasher, All Units
Floor Description
Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Central Electric
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
1.29 Acres
Roof
Shingle Composition
Sewer
City Sewer
School Information
School District
Harrisburg Explorer ES
High School
Harrisburg HS
Elementary School
Harrisburg Explorer ES
Other Property Details
Area Name
SF-S005
Days on Market
45
Garage
Yes
Parking
Garage Attached
View
No
County
Lincoln
Pool
No
Listed by Jeffrey Brooks with Brooks Commercial Real Estate
Listing Contact: 605-261-2215
The IDX display contains information sourced from the REALTOR® Association of the Sioux Empire as of 12/16/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 REALTOR® Association of the Sioux Empire all rights reserved.
Data last updated on 12/16/2024 at 8:13 PM UTC