Caspian By SJ
120-Unit Multifamily Investment Opportunity | West Burlington, Iowa
Marketing description
CBRE is pleased to present the opportunity to acquire Caspian by SJ, a 120-Unit apartment community located in West Burlington, Iowa.
Caspian Village Apartments underwent a major remodel in years 2023-2024 consisting of full interior renovations and outdoor capital expenditures which include all new roofing. The property includes 80,916 square feet of rental space totaling 120 units amongst 8 buildings. Ideally situated on over 6.12 acres, the property provides residents welcoming amenities such as a rental office, fitness facility, garages, on-site laundry, located in a quiet residential neighborhood of West Burlington. The unit mix features 76 one-bedroom apartments, 44 two-bedroom apartments.
Investment highlights
Unit Mix: 76-One bedrooms, 44-Two bedrooms
Full interior unit renovations
Ability to implement RUBS: Electric, water, sewer, and trash
Large amounts of capital invested upgrading the property
Detached garages available for rent
Storage available for rent
Significant buildable ground on site parcel
For more information and to view our confidential offering memorandum, please visit:
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