Property Listing No Longer Available for Sale

701 S. Lyons Avenue, Sioux Falls, SD

Multi-family for Sale - $3,200,000 - 53,588 Sq. Ft. on 2.75 acres


Property Info

CIMLS#963671
Location
  701 S. Lyons Avenue
  Sioux Falls SD 57106
UpdatedJanuary 31st, 2018
TypeMulti-family
Price$3,200,000
Building53,588 Sq. Ft.
Land2.75 acres

Property Description

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 of W. 12th Street in the River Run Addition. 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. Easy access to W. 12th Street, I-29 and Kiwanis Avenue.

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.

Location Description:

Sioux Falls, SD is located in Lincoln and Minnehaha counties and has a population of 164,676 (2013).

Highlights:

>> Property is comprised of eight (8) one-bedroom, one-bath units, seventeen (17) two-bedroom, one-bath units and twenty-three (23) three-bedroom, two-bath units.

>> Major remodel and upgrades in 2015!! See Property Description.

>> Tenants pay for electric, phone, cable and internet.

>> Landlord is responsible for gas, water, sewer, trash, repairs and grounds.

>> Units feature central A/C, in-floor heat, dishwasher and washer/dryer hookups in each unit.

>> Detached garages in six (6) buildings housing a total of 28 garages.

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Financials