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- LoopNet Team
102 S Main St
Leon, IA 50144
Main Street Apartments · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Renovated apartments with new flooring, kitchens, baths and more
PROPERTY FACTS
| No. Units | 24 | Building Size | 15,651 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1900/2019 |
| Building Class | C | Parking Ratio | 0.89/1,000 SF |
| Lot Size | 0.40 AC | ||
| Zoning | M | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 15,651 SF |
| Average Occupancy | 87% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2019 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | M |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- High Speed Internet Access
- Refrigerator
- Range
- Walk-In Closets
- Double Pane Windows
- Vinyl Flooring
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Renters Insurance Program
- Community-Wide WiFi
- Online Services
ABOUT 102 S MAIN ST , LEON, IA 50144
High cash flowing 24-unit multifamily about 1 hour south of Des Moines. Has 5 garages, and laundry on each floor that bring in additional rental revenue. Very easy to manage with onsite team setup. Has newer roof, windows, tuck point, side walks. Each apartment has upgrades such as wood-look vinyl flooring, new cabinets or countertops, appliances and more. The most visible and marketable property in the city enjoys high occupancy! View hundreds of photos of the asset before, during and after renovation: https://photos.app.goo.gl/zjw25K7cUF88ME7C9
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $450.00 | 500 |
| 1+1 | 14 | $537.50 | 655 |
| 2+1 | 6 | $637.50 | 903 |
| 3+2 | 1 | $737.50 | 903 |
PROPERTY TAXES
| Parcel Number | 0733101005 | Improvements Assessment | $251,470 |
| Land Assessment | $25,843 | Total Assessment | $277,313 |
PROPERTY TAXES
