93rd St Townhomes | 3403-3409 W 93rd St
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93rd St Townhomes 3403-3409 W 93rd St
4 Unit Block of Flats £687,309 (£171,827/Unit) 5.42% Net Initial Yield Sioux Falls, SD 57108
Executive Summary
Unlock the power of passive income with this fully occupied 4 plex investment! Situated in a prime location, this property is the key to yourfinancial independence. - Consistent monthly rental income - Positive cash flow from the start - Increase in property value overtime This4 plex is the passive income generator you've been dreaming of! With reliable tenants already in place, you can start earning a steadystream of rental income from day one. Whether you're saving for retirement, paying off debt, or building generational wealth, this 4 plexwill put you on the fast track to financial success. Each resident pays a flat rate of $95 monthly for water, sewer, and trash, generatinga reliable annual reimbursement of $4,560. Lawn care is owner-provided, while tenants handle electric, gas, and snow removal. Theproperty is equipped with Blue Peak's 5G fiber-optic internet (and other services) free to the owner, plus a 5% revenue share fromBluepeak for any residents who opt-in. 4 plex next door also available for sale. 3503 W 93rd St.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £687,309 | Apartment Style | Townhome |
Price Per Unit | £171,827 | Building Class | B |
Sale Type | Investment | Lot Size | 0.40 AC |
Net Initial Yield | 5.42% | Building Size | 5,200 SF |
No. Units | 4 | Average Occupancy | 100% |
Property Type | Residential | Number of Floors | 2 |
Property Subtype | Apartment | Year Built | 2012 |
Price | £687,309 |
Price Per Unit | £171,827 |
Sale Type | Investment |
Net Initial Yield | 5.42% |
No. Units | 4 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Townhome |
Building Class | B |
Lot Size | 0.40 AC |
Building Size | 5,200 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built | 2012 |
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
2+1.5 | 4 | £1,105 | 1,282 - 1,290 |
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PROPERTY TAXES
Parcel Number | 280.97.07.002 | Total Assessment | £498,859 (2023) |
Land Assessment | £43,778 (2023) | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £455,081 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
280.97.07.002
Land Assessment
£43,778 (2023)
Improvements Assessment
£455,081 (2023)
Total Assessment
£498,859 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
Zoning Code | MUNICIPALI |
MUNICIPALI |
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93rd St Townhomes | 3403-3409 W 93rd St
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