Sherman

EXECUTIVE SUMMARY

Sherman Apartments, a 16-unit, Class B complex at 800-812 S Sherman Ave, Sioux Falls, SD 57104, offers investors a high-performing asset in a thriving market. Built in 1993, it features 8 one-bedroom (612 SF) and 8 two-bedroom (812 SF) units with a 0.0% vacancy rate, outperforming the market’s 11.4%. Modern amenities like air conditioning, hardwood floors, and on-site management ensure tenant retention. Located in an Opportunity Zone, the property benefits from tax incentives and strong demographics, with 8.42% projected population growth (1-mile radius, 2024-2029). This turnkey property is ideal for investors seeking stable income and long-term growth.