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Baha Townhomes 4617 S Baha Ave 21 Unit Apartment Building $2,100,000 ($100,000/Unit) 7.94% Cap Rate Sioux Falls, SD 57106
Executive Summary
Value-add townhome community offering 21 units across three buildings at $2,100,000 ($100,000 per unit) with a 7.94% cap rate in south Sioux Falls. Built in 1980 with significant capital improvements including 30-year Diamond Coat LP Smart siding replaced in 2023 and Malarky roof replaced in 2020. Unit mix includes 13 two-bedroom, one-bath units (800 SF) and 8 three-bedroom, two-bath units (1,000 SF), totaling 18,400 SF of rentable space on 1.27 acres with 35 surface parking spaces. In-unit washer and dryer in all units along with central air and gas furnace heating systems enhance tenant appeal.
Located on South Baha Avenue with convenient access to 41st Street and 57th Street retail corridors near The Empire Mall. Property benefits from Sioux Falls' strong rental market fundamentals with consistent population growth and expanding employment base. Contact listing brokers for detailed financials and property tour.
Located on South Baha Avenue with convenient access to 41st Street and 57th Street retail corridors near The Empire Mall. Property benefits from Sioux Falls' strong rental market fundamentals with consistent population growth and expanding employment base. Contact listing brokers for detailed financials and property tour.
Property Facts
| Price | $2,100,000 | Building Class | B |
| Price Per Unit | $100,000 | Lot Size | 1.27 AC |
| Sale Type | Investment | Building Size | 37,030 SF |
| Cap Rate | 7.94% | Average Occupancy | 100% |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 0.95/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RA-1 - Residential Low-Density | ||
| Price | $2,100,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 7.94% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.27 AC |
| Building Size | 37,030 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | RA-1 - Residential Low-Density |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer Hookup
- Walk-In Closets
- Grill
- Lawn
- Patio
Site Amenities
- 24 Hour Access
- Picnic Area
- Basketball Court
- Grill
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | - | 800 |
| 3+2 | 8 | - | 1,000 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $919,900 | |
| Land Assessment | $154,600 | Total Assessment | $1,074,500 |
Property Taxes
Parcel Numbers
Land Assessment
$154,600
Improvements Assessment
$919,900
Total Assessment
$1,074,500
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Baha Townhomes | 4617 S Baha Ave
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