Skyview Apartments 3719 W 9th St 24 Unit Apartment Building $1,900,000 ($79,167/Unit) 7.77% Cap Rate Waterloo, IA 50702
INVESTMENT HIGHLIGHTS
- 24 Units
- 0.57 Acres
- Close Proximity to Various Shopping Centers
- 30+ Parking Spaces
- Close Proximity to MercyOne Waterloo Medical Center
EXECUTIVE SUMMARY
Introducing 3719 W 9th Street. This investment property in Waterloo, IA, includes 24 units, on 0.567 acres with a 30+ space parking lot included. Built in 1978, this multi-family property offers a prime location adjacent to MercyOne Waterloo Medical Center, various employers, as well as many shopping and retail centers. With a unit mix of 19 one bedroom units and 5 two bedroom units this property creates the opportunity for major value add potential.
PROPERTY FACTS
| Price | $1,900,000 |
| Price Per Unit | $79,167 |
| Sale Type | Investment |
| Cap Rate | 7.77% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 12,180 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1978 |
| Parking Ratio | 2.46/1,000 SF |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
SITE AMENITIES
- Laundry Facilities
1 of 1
