4300 E 18th St

Description

Parkside Apartments is a 54-unit multifamily opportunity located in a solid East Sioux Falls neighborhood, directly across from Frank Olson Park. Built in 1989, the property includes three identical 18-unit buildings situated on a well-positioned 2.92-acre lot. The asset features approximately 54,432 square feet of rentable space across a mix of one-, two-, and three-bedroom units"designed to support long-term rental demand and consistent occupancy. Each unit offers a functional and spacious layout ranging from 576 to 990 square feet. Community amenities include on-site laundry, 54 garage stalls, and 69 off-street surface parking spaces"providing residents with an average of 1.3 spaces per unit. Located near a dedicated pet park and just minutes from I-229, Parkside offers convenient access to schools, grocery stores, parks, and major employers. With solid construction and well-maintained infrastructure, Parkside offers a clear opportunity to exceed current performance through thoughtful cosmetic upgrades and ongoing hands-on ownership. In a market defined by limited Class B/C supply and strong demand for mid-market rentals, Parkside presents a well-located, income-producing asset with upside in both cash flow and long-term value.