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SIOUX FALLS, SD - Tzadik Properties, an industry-leading, multifamily property management company and one of the largest owner operators in South Dakota, purchased the Woodlake Apartments in Sioux Falls for an undisclosed sum.
The property is located at 4008 South Louise Ave., Sioux Falls, SD 57106. The agent was Michael Haeder of Haeder & Associates of Rapid City, through an off-market listing in collaboration with Tzadik Executive Vice President and Head of Acquisitions Michael Davalos.
Tzadik plans to enhance Woodlake Apartments through approximately $1.5 million in capital expenditures.
Including 156 units on 7.62 acres, Woodlake Apartments is a workforce housing community in a prime location near The Empire Mall, dining and shopping. Woodlake Apartments offers 1-bedroom and 2-bedroom units, with an average of 725 square feet per unit and average in-place rents of $725 per unit, per month. ....

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