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New LYSTings
101 4th Ave., Grinnell, IA
101 4th Ave., Grinnell, IA
Listed with CBRE Ray Hamilton
$1.2 million
18 Units
$66,666 Price Per Unit
$73.42 Price Per Sq. Ft.
8.53% Cap rate
Built in 1974
21 W. Jefferson St., Waterloo, IA
21 W. Jefferson St., Waterloo, IA
Listed with CBRE Max Colby
Unpriced
108 Units
Assumable debt available and newly built project
Cresent Lofts,
Cresent Lofts,
Davenport, IA
Davenport, IA
Listed with Berkadia
Unpriced
177 Units
5 Buildings with 51% market-rate and 49% LIHTC with assumableloans
Just Sold
1602 NW Pine Rd.,
1602 NW Pine Rd.,
Ankeny, IA
Ankeny, IA
Listed with CBRE Ryan Jensen
$2,785,714
32 Units
$87,053 Price Per Unit
$103.26 Price Per Sq. Ft.
Combined sale with 24 units in Pella and a confirmed high 6% caprate; additionally, these are townhome style units
408 E. 13th St., Pella, IA
408 E. 13th St., Pella, IA
Listed with CBRE Ryan Jensen
$2,089,272
24 Units
$121.44 Per Sq. Ft.
Combined sale with 32 units in Ankeny and a confirmed high 6% caprate.
650 16th St.,
650 16th St.,
Des Moines, IA
Des Moines, IA
Listed with CBRE Cy Fox
$2.3 million
35 Units
$65,714 Price Per Unit
$120.37 Price Per Sq. Ft.
7.95% Cap rate (Pro-Forma)
Well maintained and located units with my projected pro-forma caprate at 7.2% for this property.
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