3 27th St
Spirit Lake, IA 51360
East Village Condominiums · Multifamily Property For Sale
·
18 Units
Property Facts
| No. Units | 18 | Lot Size | 0.08 AC |
| Property Type | Multifamily | Building Size | 6,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1976/2006 |
| Building Class | B |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 6,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2006 |
Amenities
Site Amenities
- Controlled Access
- Clubhouse
- Courtyard
- Laundry Facilities
- Basketball Court
- Furnished Units Available
- Storage Space
- Bicycle Storage
- Multi Use Room
About 3 27TH ST , SPIRIT LAKE, IA 51360
CBRE|Hubbell Commercial has been exclusively retained to offer for sale the Vasquez Development, LLC portfolio of eighteen multifamily condominium properties in the Spirit Lake, Iowa; just off the shores of East Okoboji Lake. These units are within the East Village Condominium Complex and were completely renovated by Vasquez Development in 2006. The remaining 18 units owned by the Seller consists of eight (8) three- bedrooms units , ten (10) two-bedroom units and two garages. The units are being marketed as 100% leased. Many units are furnished with existing furnishings included in the sale. Each property has a continued and regimented care and maintenance schedule to insure the properties remain in their high quality condition. Local third-party property management has managed the units for over six years and can remain as managers of the properties if desired. In addition, the Buyer will maintain control of the HOA as the majority owner of units in the development.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 10 | - | 903 |
| 3+2 | 8 | - | 1,199 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $545,600 | |
| Land Assessment | $28,500 | Total Assessment | $574,100 |
Property Taxes
