Description
45 unit apartment building, with 20 efficiencies and 25 one bedroom units. The building has had significant remodeling done within the units, with new flooring, paint, and fixtures. New kitchens in some. Old fuse boxes replaced for entire building with breakers. No laundry currently on-site, but option to add with a room that has already been plumbed out with water and electric. Seller is offering a three month rent guarantee for any vacant units at time of closing at current rent prices to help finish lease up due to renovations. PTAC heating and cooling units are in each apartment unit and provide both electric heat and electric air. Four parcels included in sale, see attachment for detailed property info. Info per assessor's site, Buyer should complete their own due diligence. Agent related to Seller. Agent licensed in the State of Iowa. Seller may opt to participate in 1031 exchange. Four parcels included in sale.
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0BEDS
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0.69ACRES
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0BATHS
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01/2 BATHS
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24,840SQFT
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$80$/SQFT
School Information
Description
45 unit apartment building, with 20 efficiencies and 25 one bedroom units. The building has had significant remodeling done within the units, with new flooring, paint, and fixtures. New kitchens in some. Old fuse boxes replaced for entire building with breakers. No laundry currently on-site, but option to add with a room that has already been plumbed out with water and electric. Seller is offering a three month rent guarantee for any vacant units at time of closing at current rent prices to help finish lease up due to renovations. PTAC heating and cooling units are in each apartment unit and provide both electric heat and electric air. Four parcels included in sale, see attachment for detailed property info. Info per assessor's site, Buyer should complete their own due diligence. Agent related to Seller. Agent licensed in the State of Iowa. Seller may opt to participate in 1031 exchange. Four parcels included in sale.