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305 E 25th Street Pl S 4 Unit Apartment Building $275,000 ($68,750/Unit) 8.02% Cap Rate Newton, IA 50208
INVESTMENT HIGHLIGHTS
- New roof in 2023
EXECUTIVE SUMMARY
305 E 25th St S can be acquired as part of a larger 22-unit portfolio all located in Newton, Iowa.
List Price: $275,000
Cap Rate: 8.02%
Year Built: 1955
Number of Units: 4
Unit Mix: All 2BR/1BA
Total Building SF: 2,496
Avg. In Place Rent: $630
Parcel Size: 0.58 acres
New roof in 2023
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=wOjVrYfMeFDVCS8X4M5drAcHbjDoJTWqSst01DrSNbHkUUe6vKFS3wVFDjnPJcD_
Construction: Wood frame
Foundation: Concrete
Exterior Materials: Vinyl siding
Windows: Metal
Roof: Asphalt shingled
Heating: individual furnace
Cooling: Window A/C
Water heater: individual
Residents pay for electricity and water & sewer directly, trash and pest control are billed back monthly
List Price: $275,000
Cap Rate: 8.02%
Year Built: 1955
Number of Units: 4
Unit Mix: All 2BR/1BA
Total Building SF: 2,496
Avg. In Place Rent: $630
Parcel Size: 0.58 acres
New roof in 2023
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=wOjVrYfMeFDVCS8X4M5drAcHbjDoJTWqSst01DrSNbHkUUe6vKFS3wVFDjnPJcD_
Construction: Wood frame
Foundation: Concrete
Exterior Materials: Vinyl siding
Windows: Metal
Roof: Asphalt shingled
Heating: individual furnace
Cooling: Window A/C
Water heater: individual
Residents pay for electricity and water & sewer directly, trash and pest control are billed back monthly
PROPERTY FACTS
| Price | $275,000 | Apartment Style | Low-Rise |
| Price Per Unit | $68,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.58 AC |
| Cap Rate | 8.02% | Building Size | 2,496 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1955 |
| Price | $275,000 |
| Price Per Unit | $68,750 |
| Sale Type | Investment |
| Cap Rate | 8.02% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 2,496 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1955 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 08-35-281-004 | Improvements Assessment | $108,400 |
| Land Assessment | $38,060 | Total Assessment | $146,460 |
PROPERTY TAXES
Parcel Number
08-35-281-004
Land Assessment
$38,060
Improvements Assessment
$108,400
Total Assessment
$146,460
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305 E 25th Street Pl S
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