Lincoln Apartments can be acquired as part of a larger 22-unit portfolio all located in Newton, Iowa. Address: 520 S 5th Ave E, Newton, IA List Price: $350,000 Cap Rate: 8.02% Year Built: 1979 Number of Units: 6 Unit Mix: 1-1BR/1BA; 5-2BR/1BA Total Building SF: 4,426 Parcel Size: 0.31 acres Recent capital improvements include a new roof in 2023 and resurfaced driveway in 2024 Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=Y6dyzR_TxENZHhCOXhvsyufL3pgyW-9xzLwHbgmkZoMAXqUQSPzx-_ix9_V-_g9_ Construction: Wood frame Foundation: Concrete Exterior Materials: Brick Windows: Metal Roof: Asphalt shingled Laundry: Common area (1 set) Heating: Electric baseboard Cooling: Sleeve A/C Water Heater: Individual Residents pay for electricity directly, 100% of water and sewer invoices are billed back based on number of units and occupants, and trash and pest are billed back at a flat fee