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1212 S Grand Ave
Spencer, IA 51301
Big Sky Plaza · Multifamily Property For Sale
·
41 Units
Investment Highlights
- Number of Units: 41
- Number of Garages: 47
- Strong demand/Tenant waiting list
- Unit Mix: 13 - 1BR\BA; 28 - 2BR/1BA
- New management in April 2022 improved tenancy
- Great opportunity to increase rents
Property Facts
| No. Units | 41 | Building Size | 28,953 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 1.37/1,000 SF |
| Lot Size | 1.85 AC | ||
| Zoning | C-2 HIGHWA | ||
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.85 AC |
| Building Size | 28,953 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | C-2 HIGHWA |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 500 |
| 2+1 | 28 | - | 800 |
Property Taxes
| Parcel Number | 9636-19-131-001 | Improvements Assessment | $1,075,000 |
| Land Assessment | $142,500 | Total Assessment | $1,217,500 |
Property Taxes
Parcel Number
9636-19-131-001
Land Assessment
$142,500
Improvements Assessment
$1,075,000
Total Assessment
$1,217,500
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