8717 Urbandale Ave - Multi-Family FOR SALE


Urbandale, IA 50322
$300,000 USD
319-231-1160
8717 Urbandale Ave, Urbandale, IA for Sale
$300,000 USD
Multi-Family - FOR SALE
1/28
null | 7.82% Cap Rate

8717 Urbandale Ave
Urbandale, IA 50322


HIGHLIGHTS

  • 4-Plex Opportunity with some Value Add
  • Utilities separated with updated mechanicals
  • NOI: $23,466
  • CapRate: 7.82%
  • Desirable Urbandale Location

OVERVIEW

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

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$109 USD /SF

# OF UNITS

4

PRICE/UNIT

$75,000

CAP RATE

7.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8717 Urbandale Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

R-1l

APN/PARCEL ID

31201679001002

ASK ABOUT THIS PROPERTY

Chase Keller, CCIMBetter CommercialMore Info
319-231-1160

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Chase Keller, CCIMBetter CommercialMore Info
319-231-1160

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