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3500 W Hughes Pl

Sioux Falls, SD 57108
  • $2,400,000
  • STATUS: Active
  • ON SITE: 61 Days
  • MLS #: 22408816
UPDATED: 64 min ago
$2,400,000
  • 0
    BEDS
  • 1.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 19,200
    SQFT
  • $125
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2004
County:
Area:

School Information

Elementary School:
High School:
School District:

Description

Discover this investment opportunity in Sioux Falls, SD. This assembled portfolio of twin homes, built in 2004 and owned by one owner, boasts a history of strong occupancy. The portfolio includes the following addresses: 3500 W. Hughes Place, 3502 W. Hughes Place, 3512 W. Hughes Place, 3514 W. Hughes Place, 3516 W. Hughes Place, 3518 W. Hughes Place, 3600 W. Hughes Place, and 3602 W. Hughes Place. All the properties are located in a homeowners association (HOA). Please contact listing broker for details. NOTE: The seller prefers to sell the properties as a complete portfolio. These twin homes are ideally situated near schools, restaurants, retail shopping centers, and major highways, ensuring potentially consistent tenant demand, Each unit averages approximately 2,400 sq. ft. and features 4 bedrooms, 3 bathrooms, and attached two-stall garages. Current monthly rents range from $1,600 to $1,850, with potential for increases. New roofs in 2023 and the exteriors were painted in 2024. The portfolio consists of 8 rentable units, comprising 4 twin homes. The properties are located near retail stores along Louise Avenue, one of Sioux Falls busiest commercial corridors. The area offers a variety of dining options, from fast food to casual dining and local favorites. Platinum Valley Park provides green space, a picnic area, a ball field, and other recreational facilities, while healthcare needs are well-supported with Sanford Health and Avera Health facilities nearby. The property also benefits from easy access to I-29 and I-229, ensuring straightforward commuting. This offering represents a rare opportunity to acquire a strategically located, historically high occupancy residential portfolio in the thriving Sioux Falls, SD market.

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Sioux Empire Realty Group | Hegg Realtors are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-02-09T18:18:31.133.
www.sellthe605.com/homes/158590958
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3500 W Hughes Pl Sioux Falls, SD 57108

  • Price: $2,400,000
  • Status: Active
  • On Site: 61 Days
  • Updated: 64 min ago
  • MLS #: 22408816
0
Beds
0
Baths
0
½ Baths
1.29
Acres
19,200
SQFT
$125
$/SQFT
2004
Built
Neighborhood:
Platinum Valley 2nd
County:
Lincoln
Area:
Sf-S005
Elementary School:
Harrisburg Explorer Es
Middle School:
South Middle School - Harrisburg School District 4
High School:
Harrisburg Hs
School District:
Harrisburg
Property Description
Discover this investment opportunity in Sioux Falls, SD. This assembled portfolio of twin homes, built in 2004 and owned by one owner, boasts a history of strong occupancy. The portfolio includes the following addresses: 3500 W. Hughes Place, 3502 W. Hughes Place, 3512 W. Hughes Place, 3514 W. Hughes Place, 3516 W. Hughes Place, 3518 W. Hughes Place, 3600 W. Hughes Place, and 3602 W. Hughes Place. All the properties are located in a homeowners association (HOA). Please contact listing broker for details. NOTE: The seller prefers to sell the properties as a complete portfolio. These twin homes are ideally situated near schools, restaurants, retail shopping centers, and major highways, ensuring potentially consistent tenant demand, Each unit averages approximately 2,400 sq. ft. and features 4 bedrooms, 3 bathrooms, and attached two-stall garages. Current monthly rents range from $1,600 to $1,850, with potential for increases. New roofs in 2023 and the exteriors were painted in 2024. The portfolio consists of 8 rentable units, comprising 4 twin homes. The properties are located near retail stores along Louise Avenue, one of Sioux Falls busiest commercial corridors. The area offers a variety of dining options, from fast food to casual dining and local favorites. Platinum Valley Park provides green space, a picnic area, a ball field, and other recreational facilities, while healthcare needs are well-supported with Sanford Health and Avera Health facilities nearby. The property also benefits from easy access to I-29 and I-229, ensuring straightforward commuting. This offering represents a rare opportunity to acquire a strategically located, historically high occupancy residential portfolio in the thriving Sioux Falls, SD market.
Exterior Features

Entrance Private Parking Garage Attached Roof Shingle Composition

Interior Features

Appliances RefrigeratorOven/RangeDishwasherAll Units Bath Varies By Unit No Baths Per Unit 3 Bedroom Varies By Unit No Cooling Central Electric Floors Carpet Heating Forced Air Safety Features Smoke Detector Sq Ft Building 19200 Unit Features CarpetsAll Units Unit1 Baths 3 Unit1 Beds 4 Unit2 Baths 3 Unit2 Beds 4 Unit3 Baths 3 Unit3 Beds 4 Unit4 Baths 3 Unit4 Beds 4 Unit5 Baths 3 Unit5 Beds 4 Unit6 Baths 3 Unit6 Beds 4 Unit7 Baths 3 Unit7 Beds 4 Unit8 Baths 3 Unit8 Beds 4

Property Features

Additional Property Info None Bank Owned REO No Inside City Limits YN Yes Miscellaneous Info Separate MetersIndividual Water HeaterIndividual Heat and AirDead Bolt Multifamily Type Other Possession At Closing Sewer City Sewer Short Sale No Sq Ft Source Tax Data Tenancy Type One Year Lease Total Units 8 Warranty Program None Water City Water

Realtor Association of the Sioux Empire logo Listing provided courtesy of Jeffrey Brooks of Brooks Commercial Real Estate: 605-261-2215. © 2025 REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Sioux Empire Realty Group | Hegg Realtors are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-02-09T18:18:31.133.
 
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Sioux Empire Realty Group | Hegg Realtors
6225 S. Minnesota Ave
Sioux Falls SD, 57108