deal image
16 Properties Totaling 1,505 UnitsSioux Falls, SD 57103
Sioux Falls Portfolio
Asset ClassMultifamily
Equity Multiple4 x
Massive Workforce Housing Portfolio For Discounted Sale
overview of deal

Overview

- Highest Metropolitan Population Growth in the Midwest

- 100% Free Market Units

- Massive Scale with 1,505 Units

- Working Class Tenant Base

- Easy to Evict

 

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Investment Highlights

- 93% Current Occupancy

- Rents 20%+ Below Market

- 10% Discount to Appraised Value

- High Leverage

 

16 Properties Totaling 1,505 UnitsSioux Falls, SD 57103

Sales Team

David WildesPresident - National Sales914-772-4750david.w@rosewoodrg.com
Abe WurzbergerDirector - Finance718-869-2829AW@Rosewoodrg.com

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Listing provided by Revere CRE