110 SW School St | Ankeny, IA 50023
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- LoopNet Team
110 SW School St
Ankeny, IA 50023
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- 6 units, including two studios and four one-bedroom units
- Individually metered units minimize owner's overhead costs
- Pro forma cap rate exceeding 9% accounts for all expenses
- Gross income of $3,400 monthly, with potential to exceed $5,000
- Coin-operated laundry facility and potential storage space in the basement
- Six large garage stalls off ering untapped potential for additional rental income
PROPERTY FACTS
| No. Units | 6 | Building Size | 3,299 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1921 |
| Building Class | C | Parking Ratio | 3.64/1,000 SF |
| Lot Size | 0.25 AC | ||
| Zoning | R-2 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 3,299 SF |
| Average Occupancy | 85% |
| No. Stories | 3 |
| Year Built | 1921 |
| Parking Ratio | 3.64/1,000 SF |
| Zoning | R-2 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $700.00 | 450 - 475 |
| 1+1 | 4 | $750.00 | 550 - 825 |
PROPERTY TAXES
| Parcel Number | 181-00464000000 | Improvements Assessment | $287,400 |
| Land Assessment | $79,600 | Total Assessment | $367,000 |
PROPERTY TAXES
Parcel Number
181-00464000000
Land Assessment
$79,600
Improvements Assessment
$287,400
Total Assessment
$367,000
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