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The Moss Apartments 1 Richards Dr 16 Unit Apartment Building $855,000 ($53,438/Unit) 9.22% Cap Rate Keokuk, IA 52632
Investment Highlights
- 100% Occupied
- Within 5 minutes of WalMart, Hy-Vee, Aldi, and several other retailers
- Across the street from Keokuk Middle & High Schools
- Cap Rate: 9.22%
Executive Summary
CBRE is pleased to offer The Moss Apartments, a 16-unit property located in Keokuk, Iowa (population: 9,462). Keokuk is the southernmost city in Iowa and is at the junction of U.S. Routes 61, 136 and 218. The property is located across the street from Keokuk Middle & High School and within 5 minutes of WalMart, Hy-Vee, Aldi, and several other retailers along HWY 218/Main Street.
The property consists of two brick buildings built in 1978 and features an ideal unit-mix of all 2-bedroom units.
Address: 1 Richards Dr, Keokuk, IA 52632
List Price: $855,000
Cap Rate: 9.22%
Year Built: 1978
Number of Units: 16
Unit Mix: All 2BR/1BA
Occupancy: 100%
Total Building SF: 16,800
Avg. In Place Rent: $710
Number of Buildings: 2
Number of Stories: 2
Parking: Surface
Click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=HdBMBKZMqC3NbNPsHTPICs-CoXH1u-4O3_KR6aMPc7LhjeikUrlIMc31fSZ7uyEI
The property consists of two brick buildings built in 1978 and features an ideal unit-mix of all 2-bedroom units.
Address: 1 Richards Dr, Keokuk, IA 52632
List Price: $855,000
Cap Rate: 9.22%
Year Built: 1978
Number of Units: 16
Unit Mix: All 2BR/1BA
Occupancy: 100%
Total Building SF: 16,800
Avg. In Place Rent: $710
Number of Buildings: 2
Number of Stories: 2
Parking: Surface
Click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=HdBMBKZMqC3NbNPsHTPICs-CoXH1u-4O3_KR6aMPc7LhjeikUrlIMc31fSZ7uyEI
Property Facts
| Price | $855,000 | Building Class | C |
| Price Per Unit | $53,438 | Lot Size | 0.98 AC |
| Sale Type | Investment | Building Size | 16,000 SF |
| Cap Rate | 9.22% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 2.97/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MF | ||
| Price | $855,000 |
| Price Per Unit | $53,438 |
| Sale Type | Investment |
| Cap Rate | 9.22% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 16,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 2.97/1,000 SF |
| Zoning | MF |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | 1,000 |
1 1
Property Taxes
| Parcel Number | 04-45-21-24-354-0070 | Improvements Assessment | $518,820 |
| Land Assessment | $83,200 | Total Assessment | $602,020 |
Property Taxes
Parcel Number
04-45-21-24-354-0070
Land Assessment
$83,200
Improvements Assessment
$518,820
Total Assessment
$602,020
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The Moss Apartments | 1 Richards Dr
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