916-216-4606
320 W 3rd St N, Newton, IA for Sale
Apartments - FOR SALE
1/16
null | Request Cap Rate

320 W 3rd St N
Newton, IA 50208


HIGHLIGHTS

  • Strong Revenue Growth Opportunity Proven by Historical Performance
  • Muted Supply Driving Market Rent Growth
  • Best-In-Class Asset with Modern Unit Features
  • Unique Pre-Set Tax Increment Financing Benefits
  • Prime and Strategic Location with Strong Connectivity
  • Offered Free and Clear of Existing Debt

OVERVIEW

As exclusive advisor, MMG Real Estate Advisors is pleased to offer the opportunity to purchase Lions Gate, a 38-unit community located in Newton, Iowa. Constructed in 2019, the property offers modern construction and high-quality finishes, providing its residents with an elevated living experience in one of Central Iowa’s growing secondary markets. Lions Gate is located in the Des Moines MSA, while also near the Iowa Speedway and Newton’s Downtown District, offering convenient access to local employers, everyday necessities, and entertainment. This asset provides investors with a stabilized, low-maintenance investment opportunity with continued upside through rent growth.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

38

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lions Gate Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

-

APN/PARCEL ID

08-34-105-005

ASK ABOUT THIS PROPERTY

Josh BenardMMGMore Info
916-216-4606

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Josh BenardMMGMore Info
916-216-4606

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