Listed by CBRE - Des Moines
$250,000
Aurora Heights Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,496
Units 4
Occupancy 100%
Pro-Forma Cap Rate 8.39%
Price per SqFt $100
Class B
Year Built 1955
Buildings 1
Stories 1
Acreage 0.580
Investment Type Value Add
New Listing | 4 Units | Single-Story | Newton, Iowa
Marketing description
- List Price: $250,000
- Cap Rate: 8.39%
- Year Built: 1955
- Number of Units: 4
- Unit Mix: All 2BR/1BA
- Total Building SF: 2,496
- Avg. In Place Rent: $630
- Parcel Size: 0.58 acres
- New roof in 2023
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=wOjVrYfMeFDVCS8X4M5drAcHbjDoJTWqSst01DrSNbHkUUe6vKFS3wVFDjnPJcD_
Investment highlights
- Construction: Wood frame
- Foundation: Concrete
- Exterior Materials: Vinyl siding
- Windows: Metal
- Roof: Asphalt shingled
- Heating: individual furnace
- Cooling: Window A/C
- Water heater: individual
- Residents pay for electricity and water & sewer directly, trash and pest control are billed back monthly
Listing Contacts
Listed by CBRE - Des Moines
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