Bought with Kody Stowell • Realty One Group Sterling
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $405,000
Property Type Multi-Family
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Square Footage 6,900 sqft
Price per Sqft $58
MLS Listing ID 24-683
Sold Date 05/24/24
Year Built 1959
Annual Tax Amount $3,776
Tax Year 2022
Property Sub-Type Apartment Building
Property Description
6 unit apartment building in great condition, with value add potential on the basement units. Offered at a 10% cap rate with potential to go 12% cap by adding egress windows to basement units, and increasing rents. Tenants pay all utilites with electric baseboard heat in all units. Water heaters are electric. Property has been well maintained and high demand to lease units.
Location
State IA
County Pottawattamie
Area 14B
Interior
Heating Window A/C
Cooling Window A/C
Building
Lot Description 19602sqft
Schools
Elementary Schools Riverside
Middle Schools Riverside Community
High Schools Riverside Community
School District Riverside
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP