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Skyview Apartments 3719 W 9th St 24 Unit Apartment Building $1,690,000 ($70,417/Unit) 6.02% Cap Rate Waterloo, IA 50702
Investment Highlights
- 24 Units
- 0.57 Acres
- Close Proximity to Various Shopping Centers
- 30+ Parking Spaces
- Close Proximity to MercyOne Waterloo Medical Center
Executive Summary
Introducing 3719 W 9th Street. This investment property in Waterloo, IA, includes 24 units, on 0.567 acres with a 30+ space parking lot included. Built in 1978, this multi-family property offers a prime location adjacent to MercyOne Waterloo Medical Center, various employers, as well as many shopping and retail centers. With a unit mix of 19 one bedroom units and 5 two bedroom units this property creates the opportunity for major value add potential.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$181,682
|
$14.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$181,682
|
$14.92
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $181,682 |
| Annual Per SF | $14.92 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $181,682 |
| Annual Per SF | $14.92 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,690,000 | Apartment Style | Low-Rise |
| Price Per Unit | $70,417 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 6.02% | Building Size | 12,180 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 0.96/1,000 SF |
| Zoning | R-4 | ||
| Price | $1,690,000 |
| Price Per Unit | $70,417 |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 12,180 SF |
| No. Stories | 3 |
| Year Built | 1978 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | R-4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | - | - |
| 2+1 | 5 | - | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $311,180 (2025) | |
| Land Assessment | $70,100 (2025) | Total Assessment | $381,280 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$70,100 (2025)
Improvements Assessment
$311,180 (2025)
Total Assessment
$381,280 (2025)
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Skyview Apartments | 3719 W 9th St
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