309 W Broad St - Apartments FOR SALE


Mount Pleasant, IA 52641
$650,000 USD
319-209-8089
309 W Broad St, Mount Pleasant, IA for Sale
$650,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

309 W Broad St
Mount Pleasant, IA 52641


OVERVIEW

12-Unit Apartment Complex – A Turnkey Investment Opportunity! This well-maintained 12-unit apartment complex is a rare find for investors seeking a property that offers both stability and appeal. Each of the 12 spacious units boasts 2 bedrooms and 1 bathroom, providing an ideal living arrangement for any tenant. Tenants will appreciate the convenience of private, paved parking. The building's metal roofs ensure durability and low maintenance, while the clean, well-kept condition of the units reflects pride of ownership. Tenants are responsible for electricity, giving them control over their usage, while the owner covers water and trash expenses—an attractive setup for prospective renters. Whether you’re expanding your portfolio or looking for a solid investment, this apartment building has provided consistent income for the current owner. Don’t miss out on this opportunity to own a turnkey property with excellent tenant retention and long-term appeal. Contact your favorite real estate agent to schedule your private showing!

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$64 USD /SF

# OF UNITS

12

PRICE/UNIT

$54,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,724 SF

ZONING

L - Residential 3+

APN/PARCEL ID

420080437901300

ASK ABOUT THIS PROPERTY

Samantha JohnsonSoutheast Iowa Realty IncMore Info
319-209-8089

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Samantha JohnsonSoutheast Iowa Realty IncMore Info
319-209-8089

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