Jim Dunham & Associates is pleased to offer for sale this multi-family portfolio consisting of 275 units in seven Sioux Falls projects. All projects range in size from 5 units all the way to 100 units.
Located in the rapidly growing Sioux Falls market, the properties offer residents immediate access to leading employers, entertainment venues and major thoroughfares. Positioned at the intersection of Interstates I-29 & I-90, Sioux Falls has seen an explosion of population growth since the 1990’s, increasing its resident base over 85% and becoming the regional hub to an MSA over a million. Several business-friendly policies and being one of the most tax-favorable states in the Country has led to a flourishing and diverse economy home to healthcare giants Sanford and Avera and housing key regional campuses for financial giants Citibank and Wells Fargo.
When coupled with historically favorable financing, the portfolio presents investors a significant opportunity to acquire 275 multifamily units at yields well above those seen in primary and secondary markets.
Golden Valley – 4601-4609 E 26th St Built 1994 54 Units
Prairie – 708 S Prairie Ave Built 1969 17 Units
Spring – 410-412 N Spring Ave Built 1976 8 Units
Stoney Hill – 4308 E 26th St & 1624 -1632 Doddler Drive Built 1976/2017 100 Units
Valley West – 4101-4211 S West Ave Built 1975/1976 64 Units
Walter Estates – 3509-3601 S Willow Ave Built 1976 27 Units
West 2nd – 826 W 2nd St Built 1926 5 Units