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

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