115 1st St - Apartments FOR SALE


Boone, IA 50036
$1,900,000 USD
515-314-1715
115 1st St, Boone, IA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

115 1st St
Boone, IA 50036


HIGHLIGHTS

  • 1996 build
  • All 2BR/1BA
  • Nearby planned $676M Daisy Brands facility

OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

24

PRICE/UNIT

$79,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country View Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

R

APN/PARCEL ID

088426282382082

ASK ABOUT THIS PROPERTY

David EckleyCBREMore Info
515-314-1715

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

David EckleyCBREMore Info
515-314-1715

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