
Seller's Agent in 2023
Aaron Tyler
Keller Williams Siouxland
(712) 253-4139
55 in this area
275 Total Sales
This is a portfolio that has great opportunity with cash flow and CAP rate. Estimated cap rate currently is 10.01 % and fully rented estimated rate is 16.02 %. Included on one parcel is one 6-plex (821-31 Nebraska), one 4-plex (516-522 9th St) and one 3-plex (514 9th St). There are 10 - 3 bedroom apartments and 3 - 2 bedroom apartments. Many apartments have been recently updated with paint, electrical, misc. interior work and exterior work on the property. This includes privacy fences and security cameras. (Video and Audio). All three roofs were updated in the last 5 years. The owner pays water and heat (Boiler system) on the 6 unit property and 4 - unit property (Both Brick Units). The 3 plex has forced heat and owner ONLY pays water. There are currently 6 vacant apartments, with 5 ready to rent. These multiplexes are 2 story and 1 bathroom and a kitchen in each apartment. There are currently 2 units approved for section 8.
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
01/05/2023 01/05/23 | Sold | $650,000 | +0.2% | $54 / Sq Ft |
07/23/2022 07/23/22 | Pending | -- | -- | -- |
06/01/2022 06/01/22 | Price Changed | $649,000 | -6.6% | $54 / Sq Ft |
01/24/2022 01/24/22 | For Sale | $695,000 | -- | $57 / Sq Ft |
Seller's Agent in 2023
Aaron Tyler
Keller Williams Siouxland
(712) 253-4139
55 in this area
275 Total Sales
Source: Northwest Iowa Regional Board of REALTORS®
MLS Number: 815985