Listed by AW Commercial & Development
$1,595,000
Skyview Apartments
Details
Property Type Multifamily
Sub Type Apartment Building, Investment
Units 24
Cap Rate 6.38%
NOI $101,682
Pro-Forma Cap Rate 9.15%
Pro-Forma NOI $146,008
Year Built 1978
Buildings 1
Stories 2
Acreage 0.567
Multifamily | Investment | 24 Units
Marketing description
Welcome to 3719 W 9th Street, a 24-unit apartment complex located in Waterloo, IA. Constructed in 1978, this three-story building comprises 24 units, offering (5) 2-bedroom units, and (19) 1-bedroom units. Situated next to MercyOne Medical Center, this complex provides convenient access to multiple educational institutions, shopping, and dining options. Additional amenities include 30+ parking spaces and on-site laundry for additional income.
**Property financials available upon request.
Investment highlights
24 Units
(5) 2-Bedroom Units
(19) 1-Bedroom Units
Close proximity to MercyOne Medical Center
Listing Contacts
Listed by AW Commercial & Development
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,682.00
$8,473.50/mo
Valuation Metrics
0
DSCR
6.38%
Cap Rate
6.38%
ROI
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