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145 Sugar Creek Ln 12 Unit Apartment Building $1,300,000 ($108,333/Unit) 7.09% Cap Rate North Liberty, IA 52317
Executive Summary
145 Sugar Creek Lane is a 12-unit multifamily investment opportunity located in North Liberty, Iowa. Situated on 0.79 acres, the property consists of two buildings constructed in 1993 and 1996 and features twelve units, including eight 2-bedroom, 1-bath units and four 2-bedroom, 1-bath units with in-unit washer and dryer.
Located in one of Eastern Iowa’s fastest-growing communities, the property benefits from strong rental demand and convenient access to the Iowa City–Cedar Rapids corridor. With a proforma NOI of $92,190 and a 7.09% cap rate, the offering provides stable cash flow with potential for future rent growth.
Located in one of Eastern Iowa’s fastest-growing communities, the property benefits from strong rental demand and convenient access to the Iowa City–Cedar Rapids corridor. With a proforma NOI of $92,190 and a 7.09% cap rate, the offering provides stable cash flow with potential for future rent growth.
Data Room Click Here to Access
- Offering Memorandum
- Financials
Property Facts
| Price | $1,300,000 | Property Subtype | Apartment |
| Price Per Unit | $108,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.79 AC |
| Cap Rate | 7.09% | Building Size | 5,400 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1996 |
| Price | $1,300,000 |
| Price Per Unit | $108,333 |
| Sale Type | Investment |
| Cap Rate | 7.09% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 5,400 SF |
| No. Stories | 2 |
| Year Built | 1996 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0613211005 | Improvements Assessment | $509,900 |
| Land Assessment | $205,200 | Total Assessment | $715,100 |
Property Taxes
Parcel Number
0613211005
Land Assessment
$205,200
Improvements Assessment
$509,900
Total Assessment
$715,100
Contacts
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Tiffany Earl-Williams -
Josh Seamans -
Gabe Golberg -
Luke Rogers -
Phil Williams -
WSG CRE
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