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Shamrock Heights 1020 Shamrock Ln 51 Unit Apartment Building For Sale Centerville, IA 52544
Investment Highlights
- Spacious community room that is fully equipped with a kitchen, private restrooms, and ample lounge space
- Units designed with independent-senior living style in mind
- Well-maintained units
Executive Summary
Shamrock Heights is 51 total units and 100% covered by an Option 2 Project-Based Section 8 HAP Contract. The Property is comprised of all one-bedroom units and designated for the elderly. Centerville is located in southern Iowa, just north of the Iowa-Missouri state border. It is approximately 90 miles south of Des Moines, easily connected via IA-5.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 3.32 AC |
| No. Units | 51 | Building Size | 41,092 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Low-Rise | Year Built | 1978 |
| Building Class | C | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.32 AC |
| Building Size | 41,092 SF |
| Average Occupancy | 96% |
| No. Stories | 4 |
| Year Built | 1978 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Business Center
- Clubhouse
- Laundry Facilities
- Wheelchair Accessible
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 51 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 341011005520000 | Total Assessment | $2,810,670 |
| Land Assessment | $49,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,761,670 | Tax Year | 2025 |
Property Taxes
Parcel Number
341011005520000
Land Assessment
$49,000
Improvements Assessment
$2,761,670
Total Assessment
$2,810,670
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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