CBRE is pleased to present the opportunity to acquire Courtyard Apartments, a 44-unit value-add multifamily community located in Newton, Iowa. The property features a diverse unit mix of 24-2BR/1BA and 20-3BR/1BA units across townhome style and apartment style buildings constructed in 1979, 1980, and 1984. Courtyard Apartments is located approximately 30 minutes east of Des Moines in Newton, a growing Central Iowa community. Strategically positioned along Interstate 80 with convenient access to Interstate 35, Newton is widely recognized as the “Crossroads of the Midwest,” offering strong regional connectivity and commuter access. Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=Tx2aA51PC5A8V1gK115__mTio3DhHHidqh8P-TLH6hyufYBnJ2GVtL5QRHaNuWtW Address: 1453 N 11th Ave E, Newton, IA 50208 List Price: $2,595,000 Price Per Unit: $58,977 Cap Rate: 7.75% Year Built: 1979-1980, 1984 Number of Units: 44 Unit Mix: 24-2BR/1BA; 20-3BR/1BA Total Building SF: 31,069 Avg. In Place Rent: $691 Number of Buildings: 6 + office/laundry Number of Stories: 2 & 3 Parking: Surface Parcel Size: 3.39 acres