4802 S Hosta AveSioux Falls, SD 57110

Description

INVESTOR OPPORTUNITY | 42 Townhome-Style Apartment Homes | SE Sioux Falls S. Hosta Ave | Near E. 57th St & S. Sycamore Ave | Sioux Falls, SD The Property consists of 42 nearly new townhome-style apartment homes tucked away on S. Hosta Ave in one of Sioux Falls' most desirable southeast corridors. Each home features an attached garage, a mudroom entry, and a refreshing open-concept floor plan that today's renters are actively searching for. Proforma NOI is $426,042.18 CAP Rate 5.36% Inside Every Townhome: Main Floor Open-concept kitchen with bar seating Dining area & living room Sliding doors to private patio Mudroom off the attached garage Upper Floor All bedrooms upstairs In-unit laundry center Full bathroom 3-bedroom plans include awalkin closet & ensuite bathroom in the primary suite Why This Asset Stands Out ? 42 doors at meaningful scale — institutional quality, attainable price point ? Diverse unit mix — 2-bed and 3-bed options broaden your renter pool and reduce concentration risk ? Attached garages on every unit — a premium amenity in this market that drives higher rents and longer tenancies ? Two-car garage units — the 9 Plan C homes command top-of-market rents and attract high-quality, long-term tenants ? In-unit laundry — the #1 amenity renters cite for lease renewals ? Nearly new construction — minimal deferred maintenance, low near-term capex, and modern finishes tenants expect ? Townhome-style design — no shared hallways, private entries, and a home-ownership feel that reduces turnover The Sioux Falls Advantage Sioux Falls consistently ranks among the Midwest's top rental markets — no state income tax, a diversified and growing employment base, and steady population growth all fuel durable rental demand. The southeast corridor in particular benefits from proximity to major employers, retail centers, and top-rated schools, making it one of the city's most attractive quadrants for workforce housing. Level Up Your Income Property Portfolio. 42 doors. Nearly new. Three floor plans. Premium amenities. A location tenants want to stay in. This is the kind of well-rounded asset that anchors a portfolio and performs for decades.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

2021

Living area

59,544 Sq Ft

Lot size

3.08 acres

Lot dimensions

irreg

Zoning

Not Verified

Days on market

135

MLS^® Listing#

22604670

Property Features

Appliances

Refrigerator · Range · Dishwasher · Disposal · Washer · Dryer · Water Heater

Cooling

Electric

Heating

Forced Air · Natural Gas

Flooring

Carpet · Vinyl

Basement

None

Parking

Attached

Laundry

Washer Hookup

Patio

Patio

Construction

HardiPlank Type

Foundation

Slab

Roof

Composition

Windows

Window Coverings

Security

Fire Alarm · Firewall(s) · Smoke Detector(s) · Fire Sprinkler System

Sewer

Public Sewer

Water source

Public

Parcel number

93024, 25, 26

Schools

Elementary

John Harris ES

Middle

Ben REifel Middle School

High

Washington HS

Directions

S from E 57th & Sycamore go N to E 54th St, S on S Hosta Ave, property on the east side of the road