104 Arden St - Apartments FOR SALE


Waterloo, IA 50701
$360,000 USD
515-334-4900
104 Arden St, Waterloo, IA for Sale
$360,000 USD
Apartments - FOR SALE
1/6
null | 6.47% Cap Rate

104 Arden St
Waterloo, IA 50701


HIGHLIGHTS

  • Ability to Raise Rents 6%-8%
  • Offered at Low Price per Sq. Ft and Basis
  • Offered at a True Cap Rate WITH Management In-Place.

OVERVIEW

The KataLYST Team at KW Commercial is excited to exclusively present this outstanding investment opportunity in Waterloo, IA. This portfolio of 6 townhome-style units offers a true Cap Rate of 6.47% and a 5-year annualized return of 9.04% with professional management already in place. -Actual-Cap Rate: 6.47% -5-Year Annualized Return: 9.04% -Value-Add Opportunity: Light renovations can yield an 8% rent increase, already being achieved in 16% of the units, validating market demand and pricing.

FOR SALE DETAILS

PRICE

$360,000 USD

PRICE/SF

$57 USD /SF

# OF UNITS

6

PRICE/UNIT

$60,000

CAP RATE

6.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

-

APN/PARCEL ID

8913-34-227-011

ASK ABOUT THIS PROPERTY

Jared HusmannThe KataLYST TeamMore Info
515-334-4900

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Jared HusmannThe KataLYST TeamMore Info
515-334-4900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.