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405 N Davis St 16 Unit Apartment Building $750,000 ($46,875/Unit) 8.80% Cap Rate Anamosa, IA 52205
INVESTMENT HIGHLIGHTS
- Situated in a strong employment area with major employers nearby.
- Offers a solid investment with a 8.09% Cap Rate and a price of $45,938 per unit.
- Recent upgrades include new windows, siding, and unit improvements.
EXECUTIVE SUMMARY
The KataLYST Team as part of KW Commercial is pleased to bring to market, the NestleWood Apartments located in Anamosa, IA.
These units consist of 16-1Bd apartments with boiler heat and in- wall AC units. Over the years the previous owners have completed new windows, new siding, unit upgrades, and more! On-site washer and dryer available for tenant's use and only a few blocks away from the local grocery store and Main St.
This property is truly a trophy asset for a new owner!
These units consist of 16-1Bd apartments with boiler heat and in- wall AC units. Over the years the previous owners have completed new windows, new siding, unit upgrades, and more! On-site washer and dryer available for tenant's use and only a few blocks away from the local grocery store and Main St.
This property is truly a trophy asset for a new owner!
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $750,000 | Building Class | C |
| Price Per Unit | $46,875 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 7,888 SF |
| Cap Rate | 8.80% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.65/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Commercial | ||
| Price | $750,000 |
| Price Per Unit | $46,875 |
| Sale Type | Investment |
| Cap Rate | 8.80% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 7,888 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
SITE AMENITIES
- Laundry Facilities
- Trash Pickup - Curbside
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | $660.00 | 493 |
PROPERTY TAXES
| Parcel Number | 09-02-334-001 | Total Assessment | $534,600 |
| Land Assessment | $26,280 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $508,320 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
09-02-334-001
Land Assessment
$26,280
Improvements Assessment
$508,320
Total Assessment
$534,600
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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405 N Davis St
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