100% Leased! Platt Park Apartment Homes
Multifamily | 8 Units
Marketing description
MMG Real Estate Advisors is pleased to exclusively present Platt Park Apartment Homes—an 8-Unit multifamily property located in Oelwein, Iowa, the largest city in Fayette County. This property, consisting of spacious 2-Bedroom Garden-Style apartment homes are positioned in an ideal residential setting, walkable to neighborhood commercial, retailers, and employers, yet, surrounded by the beauty of nature, city parks, with lush landscaping & well-maintained grounds. Platt Park Apartment Homes is within close proximity to grocers, shopping, schools, parks, dining and entertainment options. Platt Park Apartment Homes are being sold free & clear of existing debt. The Seller has two other properties that are also for sale within a about a mile from Platt Park Apartment Homes (57 Units & 36 Units.)
Investment highlights
Well-Located Asset Adjacent to Major City Park
Great Physical Condition and Recent Capital Improvements
Stabilized Unit with Clear Rent Growth Potential and Value-Add Upside
Revenue Optimization Through Garage Monetization
Strong Market Fundamentals in a Supply-Constrained Submarket
Scalable Portfolio Opportunity
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