304 S Conklin Ave
Sioux Falls, SD 57103
Conklin Manor · Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Building Size | 10,320 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1975 |
| Building Class | C | Parking Ratio | 1.36/1,000 SF |
| Lot Size | 0.28 AC | ||
| Zoning | C2 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 10,320 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1975 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | C2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Kitchen
Site Amenities
- Controlled Access
- Laundry Facilities
About 304 S CONKLIN AVE , SIOUX FALLS, SD 57103
Multi-family investment opportunity located in Sioux Falls, South Dakota with convenient access to Interstate 229. Unit mix includes one large efficiency, six two bedroom, one bath units and five one bedroom, one bath units. The project also includes seven on-site garages and one storage unit. Landlord pays water/sewer, heat, and garbage. Tenant pays electricity. Pets are available with a security deposit and monthly pet rent. Units offer a fully-equipped kitchen, patio or deck, dining room, air conditioning, and large rooms. Property amenities include on-site parking, controlled entry, and on-site laundry. Laundry equipment is owned by CSC ServiceWorks, Inc. and provides the owner with a percentage of laundry revenue. There is a revenue sharing agreement in place with Midcontinent Communications for cable television services. The Owner has installed a TekMar system on the boiler to keep heating costs low (see attached flyer) and water saving toilets to minimize ongoing water/sewer expenses. The garages were extensively remodeled along with a new roof in 2017 complete with a new parking lot. The Owner is going to install a lawn sprinkler system, grass and landscaping in the spring. In 2017, the Owner put in approximately $90,000 in improvements. Note: The garages were not available for lease in 2017 due to the remodeling work. Contact Broker for more information.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 450 |
| 1+1 | 5 | - | 550 |
| 2+1 | 6 | - | 650 - 700 |
Property Taxes
| Parcel Number | 53800 | Improvements Assessment | $734,900 |
| Land Assessment | $69,900 | Total Assessment | $804,800 |
Property Taxes
