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321 N Duluth Ave

6 Unit Apartment Building $499,000 ($83,167/Unit) 6% Cap Rate Sioux Falls, SD 57104

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Investment Highlights

Fully renovated 6-plex in the historical district of Sioux Falls
Cap Rate: 6.00%
Real Estate Taxes: $4,861.80

Fully leased Unit Mix: Five 2 bed 1 bath, One 1 bed 1 bath
Zoning: RT-1

Executive Summary

Located within walking distance of downtown Sioux Falls 2 miles to Sioux Falls Regional Airport 1.5 miles to the Denny Sanford Premier Center.

321 N Duluth Ave

Property Facts

Price	$499,000	Building Class	C
Price Per Unit	$83,167	Lot Size	0.23 AC
Sale Type	Investment	Building Size	3,300 SF
Cap Rate	6%	No. Stories	2
No. Units	6	Year Built	1948
Property Type	Multifamily	Parking Ratio	1.52/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$499,000
Price Per Unit	$83,167
Sale Type	Investment
Cap Rate	6%
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.23 AC
Building Size	3,300 SF
No. Stories	2
Year Built	1948
Parking Ratio	1.52/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.