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Rolfe Apartments 1106-1108 Elm St 20 Unit Apartment Building $600,000 ($30,000/Unit) 9.60% Cap Rate Rolfe, IA 50581
INVESTMENT HIGHLIGHTS
- 100% Occupied
- 10 Garages
- 9.6% Cap Rate
EXECUTIVE SUMMARY
Address: 1106 Elm St & 402 Fourth St, Rolfe, Iowa 50581
List Price: $600,000 ($30,000/unit)
Cap Rate: 9.60%
Year Built: 1971, 1972 & 1974
Number of Units: 20
Garages: 10
Number of Buildings: 4 Residential
Unit Mix: 8-1BR/1BA & 12-2BR/1BA
Avg. In Place Rents: $461
Laundry: Common (4 sets total)
Heating: Boiler
Cooling: Wall A/C units
Water Heater: Common
Appliance Package: Fridge and stove
-Landlord pays electric, gas, water/sewer and trash.
-100% of trash is billed back based on unit square footage.
-94% of electric, gas and water/sewer is billed back based on unit square footage.
PLEASE CLICK HERE FOR MORE INFORMATION: https://www.cbredealflow.com/buyer/agreement?pv=V-wbYfPrdaCiU0kqFcTnVkffc4vg61wTqeUIH03mDCmNJKusrnQBwlm6rZiD6gRa
List Price: $600,000 ($30,000/unit)
Cap Rate: 9.60%
Year Built: 1971, 1972 & 1974
Number of Units: 20
Garages: 10
Number of Buildings: 4 Residential
Unit Mix: 8-1BR/1BA & 12-2BR/1BA
Avg. In Place Rents: $461
Laundry: Common (4 sets total)
Heating: Boiler
Cooling: Wall A/C units
Water Heater: Common
Appliance Package: Fridge and stove
-Landlord pays electric, gas, water/sewer and trash.
-100% of trash is billed back based on unit square footage.
-94% of electric, gas and water/sewer is billed back based on unit square footage.
PLEASE CLICK HERE FOR MORE INFORMATION: https://www.cbredealflow.com/buyer/agreement?pv=V-wbYfPrdaCiU0kqFcTnVkffc4vg61wTqeUIH03mDCmNJKusrnQBwlm6rZiD6gRa
PROPERTY FACTS
| Price | $600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $30,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.45 AC |
| Cap Rate | 9.60% | Building Size | 20,000 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1971 |
| Price | $600,000 |
| Price Per Unit | $30,000 |
| Sale Type | Investment |
| Cap Rate | 9.60% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.45 AC |
| Building Size | 20,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1971 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 550 |
| 2+1 | 12 | - | 612 |
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PROPERTY TAXES
| Parcel Number | 000000805154009 | Improvements Assessment | $157,029 |
| Land Assessment | $22,850 | Total Assessment | $179,879 |
PROPERTY TAXES
Parcel Number
000000805154009
Land Assessment
$22,850
Improvements Assessment
$157,029
Total Assessment
$179,879
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Rolfe Apartments | 1106-1108 Elm St
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