3509-3601 S Willow Ave - Apartments FOR SALE


Sioux Falls, SD 57105
$2,700,000 USD
712-226-8003
3509-3601 S Willow Ave, Sioux Falls, SD for Sale
$2,700,000 USD
Apartments - FOR SALE
1/3
null | 5.77% Cap Rate

3509-3601 S Willow Ave
Sioux Falls, SD 57105


HIGHLIGHTS

  • 24 Garages
  • Laundry On-Site
  • Low Maintenance

OVERVIEW

Walter Estate is a 27-unit multifamily community situated at 3509-3601 S Willow Ave on the south side of Sioux Falls, South Dakota. Originally constructed in the 1970s, the property features a distinctive combination of brick and wood exterior construction and offers a mix of one- and two-bedroom floor plans catering to a wide range of renters. With its established presence on Sioux Falls' desirable south side and proximity to retail, dining, and major employment corridors, Walter Estate delivers a well-rounded investment with stable in-place cash flow, a proven income history, and long-term upside potential

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

27

PRICE/UNIT

$100,000

CAP RATE

5.77%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walter Estates Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1976

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,697 SF

ZONING

Commercial

APN/PARCEL ID

26314

ASK ABOUT THIS PROPERTY

Daniel StillsonGateway Real Estate AdvisorsMore Info
712-226-8003

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Daniel StillsonGateway Real Estate AdvisorsMore Info
712-226-8003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.