This Multifamily Property is Off-Market.

1111 N 11th Ave E
Newton, IA 50208 ·

28 Units · Multifamily For Sale

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Multifamily Property For Sale

Price N/A Commission Split 2%
No. Units 28 Cap Rate 9.60%
Building Size 18,368 SF Occupancy 95%
Property Type Multifamily No. Stories 2
Property Sub-type Garden/Low-Rise Year Built 1974
Property Use Type Investment Parking Ratio 2 / 1,000 SF
Listing ID: 18317133 Date Created: 08/17/2013 Last Updated: 08/20/2014

Description

These two buildings are located in a park like setting. There is plenty of offstreet parking, onsite laundry, and a good mix of units (15 two bedroom, 12 one bedroom, 1 studio). Rental demand has been strong recently with low vacancy. These properties went through many upgrades which will ensure that these units will require minimal maintenance for a long time.

1111 N 11th Ave E (16 units) & 420 N 8th Ave E (12 units) located in quiet residential area.

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1111 N 11th Ave E, Newton, IA 50208 (Jasper County)

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