816 North Omaha Ave N, Sioux Falls, SD 57103

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Property Description

Sunrise Manor Apartments is a 24 unit apartment complex with six buildings for sale located in Sioux Falls, SD. This property is a multi-family investment opportunity. Each apartment has a two bedroom, one bath. The area surrounding these complexes include residential rentals, commercial and single family homes. This is also close to Interstate 229 for convenient access to all areas of the city. Sunrise Manor Apartments include window air conditioning, on-site parking, patio/balcony, a playground and on-site coin opertated laundry machines. Landlord pays water/sewer, boiler heat, garbage, snow removal and lawn care. Tenant pays cable and electricity. This property is in the Sioux Falls School district. Schools in this area are Terry Redlin Elementary School, Whittier Middle School and Washington High School. Financials available upon request.  Proforma returns project a 7% cap rate.

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Calculator source: Real Geeks

Courtesy of Paul Gourley, Harr & Lemme Real Estate.

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