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64-Unit MHC's - Sioux Falls, SD Metro 2 Multifamily Properties Offered at $2,900,000 in Multiple Locations
Investment Highlights
- ?All Public Utilities
- ?85.9% Occupancy
- ?Lot Rents Trail Nearby Properties Significantly
- ?Only 12 Park Owned Homes (POH)
Executive Summary
64-Units in two mobile home communities located in the Sioux Falls, SD Metro Area.? These properties are on public utilities and feature attractive home inventory (mostly tenant-owned).? Occupancy s 85.9%, and there are only 12 park owned homes.? This is a clean investment deal with significant upside through moving rents to market and infilling nine vacancies.? South Dakota broker of record is Mike Orr of Meadowlark Investment Brokerage.?
Property Facts
| Price | $2,900,000 | Number of Properties | 2 |
| Price / SF | $1,074 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 2,700 SF |
| Status | Active | Total Land Area | 13.00 AC |
| Price | $2,900,000 |
| Price / SF | $1,074 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 2,700 SF |
| Total Land Area | 13.00 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 819 S Main Ave, Colton, SD 57018 | Multifamily | 1,350 SF | - | - |
| 210 Dows St, Garretson, SD 57030 | Multifamily | 1,350 SF | 1986 | - |
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