611 W Van Weiss Blvd - Apartments FOR SALE


West Burlington, IA 52655
$2,950,000 USD
515-415-6111
611 W Van Weiss Blvd, West Burlington, IA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/18
null | 7.88% Cap Rate

611 W Van Weiss Blvd
West Burlington, IA 52655


HIGHLIGHTS

  • 95% Occupied
  • 11 of the 48 units have been renovated
  • Exceptional location

OVERVIEW

CBRE is pleased to offer The Willow Apartments, a 48-unit property located in West Burlington, Iowa. West Burlington (population: 3,184) is adjacent to Burlington which has a population of 23,637. The property is located just off HWY 34 and within a mile of major retailers such as Target, Menard’s, Lowe’s, Kohl’s, Walmart, Hy-Vee, Hobby Lobby, Dicks Sporting Goods, and Starbucks. The property consists of seven brick buildings built in 1994, featuring 40 2-bedroom, 1-baths and 8 3-bedroom, 2-baths. 11 of the 48 units have been renovated. List Price: $2,950,000 Cap Rate: 7.88% Year Built: 1994 Number of Units: 48 Unit Mix: 40-2BR/1BA; 8-3BR/2BA Occupancy: 95% Total Building SF: 39,200 Avg. In Place Rent: $770 Renovated Units: 11 Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=zZLzKkdX1B7G7GLq_8HK-ZKLr3YMRpTU8bRWgyA5b5Yz3bufYAuTSi6nTjo2WWw7

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$52 USD /SF

# OF UNITS

48

PRICE/UNIT

$61,458

CAP RATE

7.88%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Willow Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1994

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.44 AC

LAND SF

106,286 SF

ZONING

R4

APN/PARCEL ID

10-35-428-009

ASK ABOUT THIS PROPERTY

Ray HamiltonCBREMore Info
515-415-6111

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Ray HamiltonCBREMore Info
515-415-6111

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