CBRE is pleased to offer the opportunity to acquire Parkview Terrace, a 24-unit apartment community located in Boone, Iowa. Boone is located 15 minutes directly west of Ames, home of Iowa State University, and 35 minutes north of the Des Moines MSA. Built in 1968, Parkview Terrace consists of two buildings featuring all 2-bedroom, 1.5-bathroom floor plans. The property has been well maintained and presents a compelling value-add opportunity through interior unit renovations. Address: 1003 Parkway Dr, Boone, IA 50036 List Price: $1,725,000 Cap Rate: 8.09% Number of Units: 24 Unit Mix: All 2BR/1.5BA Occupancy: 95.8% Total Building SF: 23,760 Avg. In Place Rent: $808 Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=kZ70rEm4mXFO85ShMCF1eIgb9T_HS81VeRBWpnzV3FXQs5lC8yN-g5HKaX3E0o-X