BEDS3
BATHS2 full
MLS#834593
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property Description
Presenting a 36-unit apartment opportunity at 611 E South St, Marshalltown, IA. Three buildings: 24 one-bed and 12 two-bed units, plus 20 garages and 100% occupied. On-site laundry on two floors of each building. Newer roofs and boilers, with updated units throughout. Offered at $2,200,000 ($61,111\unit) with an in-place 8.06% cap on $177,377 NOI. Rents sit below market, with a path to a 9.34% pro forma cap. East-side location in the Marshall County seat. Employment anchored by JBS pork processing, Emerson Fisher, and Lennox HVAC..
Property Features
Property Type: Multi Unit - Multiple
Garage: 20
Heating: Forced Air
Lot Size: 2.48 Acres
Taxes: $27,162
Year Built: 1965
Units
Unit Type 1:
Bedrooms: 1
Bathroom Full: 1
Rent: $633
Square Footage: 696
Unit Type 2:
Bedrooms: 2
Bathroom Full: 1
Rent: $780
Square Footage: 924
Feature Descriptions
Days on Site: 12
Parcel: 8318-01-101-008
Rental: Yes
Rental Income: 303288
Sewer: City
SQFT Main: 2784
Water: City
Zoning: Res 3+
Listed By / Shown By
Listed By
Agency Name: Gateway Real Estate Advisors
Agency Phone: 712-226-8000
Shown By
Agency Title: United Real Estate Solutions
Agency Phone: 712-226-6000
Estimate Your Payment
Estimated Payment
$ 15,773.66 per month $12,868.49 Principal & Interest $2,263.50 Property Tax $641.67 Homeowner's Insurance
611 E South Street | MLS# 834593
This multi-family property located at 611 E South Street, Marshalltown, IA 50158 is currently listed for sale with an asking price of $2,200,000. Search Marshalltown real estate on www.unitedrealestatesolutions.com today.