FAQs about Apartment Buildings for Sale in Spirit Lake
How many Apartment Building listings are available for sale in Spirit Lake?
Currently, there are 0 Apartment Building listings for sale near Spirit Lake, IA. LoopNet continuously displays updated multi-family building listings, with new properties regularly included.
How much is an Apartment Building for sale in Spirit Lake?
The average price per square foot for Spirit Lake apartment buildings for sale is about $119.
When available, the price of these buildings in Spirit Lake, IA varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
When available, the price of these buildings in Spirit Lake, IA varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
What is the average size of Apartment Buildings available for sale in Spirit Lake?
The average size of apartment buildings for sale in Spirit Lake, IA is approximately 9,162 SF. The largest building available is 14,700 SF and the smallest is 3,624 SF.
What is the average cap rate for Multi-family Properties in Spirit Lake?
Cap rates for apartment buildings in Spirit Lake, IA typically range between 8.25% and 8.25%, with variations influenced by factors including tenant quality, lease terms, and property age. Read more about cap rates and the factors that influence them such as location, property type and market conditions.
Why are Apartment and Multi-family Buildings considered a good investment in Spirit Lake?
In general, buying an apartment building can be considered a good investment because they provide rental income from multiple sources which can diversify cash flow opportunities and reduce risk by having income streams from multiple sources.
Depending on the location within the city of Spirit Lake, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Spirit Lake, IA.
Depending on the location within the city of Spirit Lake, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Spirit Lake, IA.
