2103 Willis Ave - Multi-Family FOR SALE


Perry, IA 50220
$1,180,000 USD
515-249-8355
2103 Willis Ave, Perry, IA for Sale
$1,180,000 USD
Multi-Family - FOR SALE
1/11
null | 7.37% Cap Rate

2103 Willis Ave
Perry, IA 50220


HIGHLIGHTS

  • 100% Occuppied, 5-Unit Multifamily Investment
  • Construction: 2x6 construction; Jeldwen sliding windows
  • Flooring: Vinyl Plank and carpeted flooring
  • Kitchens: Quartz counter tops, tile back splash, soft close drawers
  • Garages: 2 stall car garage

OVERVIEW

CBRE is pleased to offer for sale Willis Townhomes in Perry, Iowa—a newly constructed, high-quality townhome style development consisting of five well-designed units, each offering three bedrooms and two-and-a-half bathrooms. The property features modern finishes, functional floor plans, and attached two-car garages, appealing to today’s renters seeking space and convenience. Strategically located in a central area of Perry, the asset benefits from strong local demand drivers and accessibility to major employers and amenities. Offered at a price below current replacement cost, Willis Townhomes presents investors with a rare opportunity to acquire a stabilized, low-maintenance asset with durable construction, minimal near-term capital needs, and long-term rental growth potential in a steadily performing Iowa market.

FOR SALE DETAILS

PRICE

$1,180,000 USD

PRICE/SF

$818 USD /SF

# OF UNITS

5

PRICE/UNIT

$236,000

CAP RATE

7.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2103 Willis Avenue

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

02-10-459-001

ASK ABOUT THIS PROPERTY

Max ColbyCBREMore Info
515-249-8355

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Max ColbyCBREMore Info
515-249-8355

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