204 3rd St SW - Apartments FOR SALE


Rake, IA 50465
$325,900 USD
641-903-9700
204 3rd St SW, Rake, IA for Sale
$325,900 USD
Apartments - FOR SALE
1/81
null | 10.83% Cap Rate

204 3rd St SW
Rake, IA 50465


OVERVIEW

Turnkey 8-unit apartment with positive cashflow on Day 1 and additional upside. The deal includes two 4-unit buildings side-by-side on a 1.74 acrelot. All units have received recent updates including fresh paint, new flooring, and new plumbing. Many also have new kitchen cabinets and bathroom updates. Goodtenants with in-house management in a nice, stable small town. Room for increasing rents without major updates. Call today for a showing!

FOR SALE DETAILS

PRICE

$325,900 USD

PRICE/SF

$56 USD /SF

# OF UNITS

8

PRICE/UNIT

$40,738

CAP RATE

10.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

Residential

APN/PARCEL ID

0116177001

ASK ABOUT THIS PROPERTY

Bethanie FarusFirst Choice RealtyMore Info
641-903-9700

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Bethanie FarusFirst Choice RealtyMore Info
641-903-9700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.