CBRE is pleased to offer the opportunity to acquire Country View Apartments, 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 1996, Country View consists of two buildings featuring all two-bedroom, one-bathroom floor plans. The property has been well maintained and presents a compelling value-add opportunity through continued interior unit renovations and common area enhancements. Nearly half of the units have been partially or fully renovated. The property also includes 12 detached garages and ample surface parking. Country View offers investors the chance to acquire a well-located asset in a stable central Iowa market.
Address: 115 1st Street, Boone, IA 50036
List Price: $1,900,000
Year Built: 1996
Number of Units: 24
Unit Mix: All 2BR / 1BA
Total Building SF: 21,600
Avg. In Place Rent: $808
Number of Buildings: 2
Number of Stories: 2
Parking: 12 detached garages & approx. 36 surface spaces
Parcel Size: 1.5 acres
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=SDaY8faO8JWJlFYqkZ8LwAyTf3b6Y1CiLfSaIZP7BBeOWM32Mk7PDBsGdtgQgCg2