8717 Urbandale Ave - 8717 Urbandale Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
8717 Urbandale Ave - 8717 Urbandale Ave
4 Unit Apartment Building Offered at $300,000 at a 7.82% Cap Rate in Urbandale, IA 50322
Investment Highlights
- 4-Plex Opportunity with some Value Add
- NOI: $23,466
- Desirable Urbandale Location
- Utilities separated with updated mechanicals
- CapRate: 7.82%
Executive Summary
Rare 4-plex in a great neighborhood in the heart of Urbandale. Property has newer roof, windows and updated interiors.
5 stall garage, lots of parking and lot of open greenspace gives the tenants space to enjoy the property without feeling cramped in an apartment.
Property consists of three 1 Bed, 1 Bath units and one studio. All units have separated utilities, so owner is not paying for anything.
Coin-Op Laundry in basement common area. Mechanicals have been updated and separated.
Great Value-Add components to this property with bumping up rents to market levels.
This lot is also primed for a larger multifamily property as well. Pull down this 4-plex and build an 8 or 12 unit building, pushing up
5 stall garage, lots of parking and lot of open greenspace gives the tenants space to enjoy the property without feeling cramped in an apartment.
Property consists of three 1 Bed, 1 Bath units and one studio. All units have separated utilities, so owner is not paying for anything.
Coin-Op Laundry in basement common area. Mechanicals have been updated and separated.
Great Value-Add components to this property with bumping up rents to market levels.
This lot is also primed for a larger multifamily property as well. Pull down this 4-plex and build an 8 or 12 unit building, pushing up
Financial Summary (Pro forma - 2024) 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 (Pro forma - 2024) 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 Under Contract
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $712.50 | 600 - 800 |
1 of 1
PROPERTY TAXES
| Parcel Number | 31201679001002 | Total Assessment | $234,000 (2023) |
| Land Assessment | $94,400 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $139,600 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
31201679001002
Land Assessment
$94,400 (2023)
Improvements Assessment
$139,600 (2023)
Total Assessment
$234,000 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | R-1l |
| R-1l |
Learn More About Investing in Apartment Buildings
1 of 28
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Better Commercial
8717 Urbandale Ave - 8717 Urbandale Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.