This property is Off-Market
1111 N 11th Ave E
Newton, IA 50208 ·
28 Units · Multifamily For Sale
Multifamily Property For Sale
|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|
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.
15001 N 11th Avenue E
Newton, IA 50208
For Sale · $840,000
20,376 SF Building
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