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1111 N 11th Ave E

1111 N 11th Ave E, Newton, IA 50208

N/A

28 Units | Multifamily

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Multifamily Property - Off Market

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

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.

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

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Similar Listings

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1111 N. 11th Ave E
1111 N. 11th Ave E
  • Newton, IA
  • $865,000
  • 23,040 SF Bldg