519 N 3rd St - Apartments FOR SALE


Marshalltown, IA 50158
$1,550,000 USD
319-675-1694
519 N 3rd St, Marshalltown, IA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/10
null | 7.34% Cap Rate

519 N 3rd St
Marshalltown, IA 50158


HIGHLIGHTS

  • Consistent unit configuration - 24 1 bed/1 bath units
  • On-site community laundry
  • Appliances - stove, refrigerator & dishwasher, disposal included
  • Mix of hardwood and LVP flooring
  • Located across 3 Avenue from Elk’s Park - Playground, gazebo, basketball court

OVERVIEW

519–521 North 3rd Street is comprised of four buildings situated on 0.99 acres of land and contains a total of 24 units. The project offers the opportunity to acquire the asset with below market rents in-place, allowing a mark to market.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

24

PRICE/UNIT

$64,583

CAP RATE

7.34%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

R-3

APN/PARCEL ID

8418-26-176-051

ASK ABOUT THIS PROPERTY

319-675-1694

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319-675-1694

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