3500 W Hughes Pl, Sioux Falls, SD 57108
Local realty services provided by:Better Homes and Gardens Real Estate Beyond
3500 W Hughes Pl,Sioux Falls, SD 57108
$2,400,000
- - Beds
- - Baths
- 19,200 sq. ft.
- Multi-family
- Active
Listed by:jeffrey brooks
Office:brooks commercial real estate
MLS#:22408816
Source:SD_RASE
Price summary
- Price:$2,400,000
- Price per sq. ft.:$125
About this home
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 homeowner’s 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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Home facts
- Year built:2004
- Listing Id #:22408816
- Added:248 day(s) ago
- Updated:August 10, 2025 at 02:32 PM
Rooms and interior
- Living area:19,200 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Shingle Composition
- Year built:2004
- Building area:19,200 sq. ft.
- Lot area:1.29 Acres
Schools
- High school:Harrisburg HS
- Middle school:South Middle School - Harrisburg School District 41-2
- Elementary school:Harrisburg Explorer ES
Utilities
- Water:City Water
- Sewer:City Sewer
Finances and disclosures
- Price:$2,400,000
- Price per sq. ft.:$125
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