FAQs about Apartment Buildings for Sale in Storm Lake
How many Apartment Building listings are available for sale in Storm Lake?
Currently, there are 0 Apartment Building listings for sale near Storm Lake, IA. LoopNet continuously displays updated multi-family building listings, with new properties regularly included.
How much is an Apartment Building for sale in Storm Lake?
The average price per square foot for Storm Lake apartment buildings for sale is about $171.
When available, the price of these buildings in Storm 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 Storm 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 Storm Lake?
The average size of apartment buildings for sale in Storm Lake, IA is approximately 6,811 SF. The largest building available is 15,687 SF and the smallest is 1,248 SF.
What is the average cap rate for Multi-family Properties in Storm Lake?
Cap rates for apartment buildings in Storm Lake, IA typically range between 7.01% and 7.01%, 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 Storm 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 Storm 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 Storm Lake, IA.
Depending on the location within the city of Storm 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 Storm Lake, IA.
