701 S Lyons Ave
Sioux Falls, SD 57106
River Run Apartments · Multifamily Property For Sale
·
48 Units
Property Facts
| No. Units | 48 | Lot Size | 2.75 AC |
| Property Type | Multifamily | Building Size | 63,515 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1994/2015 |
| Building Class | B | ||
| Zoning | RA-1 | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.75 AC |
| Building Size | 63,515 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1994/2015 |
| Zoning | RA-1 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Handrails
- Large Bedrooms
Site Amenities
- Property Manager on Site
- Basketball Court
- Storage Space
- Hearing Impaired Accessible
- Maintenance on site
- Online Services
- Individual Locking Bedrooms
About 701 S LYONS AVE , SIOUX FALLS, SD 57106
The River Run Apartments are 48 units in 6 two-story buildings located on the northeast corner of Lyons Avenue and Edmund Avenue just south o fW. 12th Street in the River RunAddition. Unit mix includes: Eight (8) one-bedroom, one bath units, seventeen (17) two bedroom, one bath units and twenty-three (23) three-bedroom, two bath units. Unit amenities include: central air conditioning, in-floor heat, breakfast bar, range oven, range hood, refrigerator, dishwasher, disposal, eat-in kitchen, mini-blinds and washer and dryer hookups. Handicap accessible units. Separate entrances to each unit. Detached garages includes six (6) individual buildings housing a total of 28 garages. On-site paved parking and playground. RECENT IMPROVEMENTS INCLUDE: new roofs (2015), new siding (2015), new facia (2015), new A/C compressors/compressor pads (2015), new management office (2015), exterior doors replaced (where needed), new landscaping (2015), several boilers have been replaced and flushed and new project site sign. Floor coverings and appliances have been replaced as needed. NOTE: The property is located across the street from the Gage Retail Redevelopment site. This exciting redevelopment concept plan calls for restaurants, retail and hotel users. Site is 30 acres and is scheduled to be scraped mid-2018 with construction commencing late 2018.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $635.00 | 765 |
| 2+1 | 17 | $740.00 | 866 |
| 3+2 | 23 | $835.00 | 1,084 |
Property Taxes
| Parcel Number | 61709 | Improvements Assessment | $4,008,900 |
| Land Assessment | $309,600 | Total Assessment | $4,318,500 |
Property Taxes
