1204 SE Poplar St | 1204 SE Poplar St
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1204 SE Poplar St 1204 SE Poplar St
3 Unit Apartment Building $180,000 ($60,000/Unit) 6.75% Cap Rate Leon, IA 50144
Executive Summary
100% occupied
Excellent cash fl ow
Value add opportunity
Recent capital improvements
Quiet residential neighborhood
Excellent cash fl ow
Value add opportunity
Recent capital improvements
Quiet residential neighborhood
Financial Summary (Actual - 2021) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (Actual - 2021) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $180,000 | Building Class | C |
| Price Per Unit | $60,000 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 1,950 SF |
| Cap Rate | 6.75% | Average Occupancy | 100% |
| Gross Rent Multiplier | 5.7 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1970 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $180,000 |
| Price Per Unit | $60,000 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Gross Rent Multiplier | 5.7 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 1,950 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 3 | - | - |
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PROPERTY TAXES
| Parcel Number | 0733309002 | Total Assessment | $101,537 (2023) |
| Land Assessment | $3,023 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $98,514 (2023) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Number
0733309002
Land Assessment
$3,023 (2023)
Improvements Assessment
$98,514 (2023)
Total Assessment
$101,537 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2021
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1204 SE Poplar St | 1204 SE Poplar St
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