Apartment Buildings /IA /Jasper County /Newton /115 S 5th Ave W
Apartment Buildings /IA /Jasper County /Newton /115 S 5th Ave W

115 S 5th Ave W - Apartments FOR SALE


Newton, IA 50208 | 
$635,000 USD
712-304-2030
115 S 5th Ave W, Newton, IA for Sale
$635,000 USD
Apartments - FOR SALE
1/6
null | 8.72% Cap Rate
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115 S 5th Ave W
Newton, IA 50208

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HIGHLIGHTS

  • 100% Occupancy
  • 8.7+% Cap Rate
  • New Roof in 2023
  • 30 Minutes from Des Moines MSA

OVERVIEW

List Price: $635,000 ($52,917/unit) Number of Units: 12 Occupancy: 100% Unit Mix: 6-1BR/1BA; 6-2BR/1BA Cap Rate: 8.72% Year Built: 1977 Avg. Unit Rent: $631 New Roof in 2023 Residents pay electric direct and are billed back for gas, water, sewer, trash, and pest control.

FOR SALE DETAILS

PRICE

$635,000 USD

PRICE/SF

$75 USD /SF

# OF UNITS

12

PRICE/UNIT

$52,917

CAP RATE

8.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Community Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

08-34-304-017

ASK ABOUT THIS PROPERTY

Clark MatthewsCBREMore Info
712-304-2030

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Clark MatthewsCBREMore Info
712-304-2030

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