2645 Newbury Cir - Apartments FOR SALE


Burlington, IA 52601
$5,300,000 USD
916-216-4606
2645 Newbury Cir, Burlington, IA for Sale
$5,300,000 USD
Apartments - FOR SALE
1/24
null | 7.07% Cap Rate

2645 Newbury Cir
Burlington, IA 52601


HIGHLIGHTS

  • Stable, Long-Term Ownership Since 2015 Ensuring Operational Continuity
  • Comprehensive, Functional Amenities Driving Resident Retention
  • $100+ Per Unit Rent Upside via LVP Flooring and Updated Appliances
  • Attractive Mix of Mostly Townhome Style Units
  • Strategically Located Near Major Retailers with Strong Connectivity
  • Offered Free and Clear of Existing Debt

OVERVIEW

MMG Real Estate Advisors is pleased to present the opportunity to acquire Newbury Village, an 81-unit multifamily community located in Burlington, Iowa. Built in 1978 and renovated in 2006, the property offers a highly attractive mix of predominantly townhome-style units with private entrances and full-size in-unit laundry. Newbury Village benefits from a strong amenity package, stable renter demographics, and a proven path for rental upside through light cosmetic upgrades.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

81

PRICE/UNIT

$65,432

CAP RATE

7.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Newbury Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.35 AC

LAND SF

494,406 SF

ZONING

R4

APN/PARCEL ID

11-31-376-014

ASK ABOUT THIS PROPERTY

Josh BenardMMGMore Info
916-216-4606

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

Josh BenardMMGMore Info
916-216-4606

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