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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
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

PROPERTY TAXES

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
  • Listing ID: 32908727

  • Date on Market: 21/08/2024

  • Last Updated:

  • Address: 3403-3409 W 93rd St, Sioux Falls, SD 57108

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