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Jennifer Stein Real Estate, Inc. and out-of-state cooperating Broker, Capstone are pleased to present East Park and Sycamore Village: A 132-unit investment opportunity located in the growing Sioux Falls, SD market. Built in 1976 and 1978, these two properties have been well-maintained by ownership and provide an affordable living experience for their tenants. East Park and Sycamore Village offer a mix of studios, one-bedroom, and two-bedroom units. Surface parking and garages are available to tenants as well as on-site laundry. The location is ideal with easy access to Highway 229 and the growing community on the east side of Sioux Falls along Veterans Parkway. East Park and Sycamore Village represent an attractive opportunity to invest in a proven value-add opportunity in the supply-constrained Sioux Falls apartment market. Recent Capital Expenditures have seen improvements made to the exterior and interiors, including common hallways, plumbing, and the renovation of 77 units. These 77 units have created a blueprint for an investor to complete the remaining renovations and will allow those units to achieve a rent premium of $125 on average per unit.
Proven Value-add Program in Place
Sioux Falls is a Well-Positioned Market
Increasingly Valuable Workforce Housing Product