Listed by Gateway Real Estate Advisors
$2,700,000
Walter Estates
Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 16,934
Units 27
Cap Rate 5.77%
NOI $155,790
Occupancy 100%
Class C
Year Built 1950, 1976
Year Renovated 2021
Buildings 2
Stories 2
Acreage 0.811
Zoning Commercial
Investment Type Stabilized
Multifamily | 27 Units | $100,000/unit
Marketing description
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
Investment highlights
- 24 Garages
- Laundry On-Site
- Low Maintenance
Listing Contacts
Listed by Gateway Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,790.00
$12,982.50/mo
Valuation Metrics
0
DSCR
5.77%
Cap Rate
5.77%
ROI
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