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Walter Estates Apartments 3509-3601 S Willow Ave 27 Unit Apartment Building $2,700,000 ($100,000/Unit) 5.77% Cap Rate Sioux Falls, SD 57105
Investment Highlights
- 24 Garages
- Low Maintenance
- Laundry On-Site
Executive Summary
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
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Ceiling Fans
- Carpet
- Dining Room
- Patio
- Vinyl Flooring
Site Amenities
- Controlled Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $725.00 | 725 - 750 |
| 2+1 | 18 | $850.00 | 850 - 900 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 26314 | Improvements Assessment | $922,300 |
| Land Assessment | $77,500 | Total Assessment | $999,800 |
Property Taxes
Parcel Number
26314
Land Assessment
$77,500
Improvements Assessment
$922,300
Total Assessment
$999,800
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Walter Estates Apartments | 3509-3601 S Willow Ave
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