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1500 Lincoln Tower Cir
Marshalltown, IA 50158
Lincoln Tower Apartments · Multifamily Property For Sale
·
21 Units
PROPERTY FACTS
| No. Units | 21 | Lot Size | 1.43 AC |
| Property Type | Multifamily | Building Size | 29,205 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1969 |
| Building Class | C | ||
| Zoning | PUD | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.43 AC |
| Building Size | 29,205 SF |
| No. Stories | 5 |
| Year Built | 1969 |
| Zoning | PUD |
ABOUT 1500 LINCOLN TOWER CIR , MARSHALLTOWN, IA 50158
CBRE|Hubbell Commercial is pleased to exclusively market for sale Lincoln Tower, a 21 unit apartment community located in Marshalltown, Iowa. Marshalltown (population: 27,280) is about 50 miles northeast of Des Moines, 40 miles east of Ames and 30 miles north of Newton. Lincoln Tower is a five-story building comprised of one 1BR/1BA and twenty 2BR/2BA units. The property also features a heated parking garage with 22 spaces, a large community room with full kitchen, and a guestroom that could be converted to another unit. Built in 1969, the property has been well maintained and significant capital improvements have been made over the past few years. 17 of the 21 units have recently been completely remodeled. Each unit has its own individual electric furnace and central air conditioning system. An adjacent 1.14 acre of vacant land is included in the sale.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $850.00 | - |
| 2+2 | 20 | $1,009 | - |
PROPERTY TAXES
| Parcel Number | 8418-34-302-001 | Improvements Assessment | $2,449,290 |
| Land Assessment | $124,200 | Total Assessment | $2,573,490 |
PROPERTY TAXES
