107 Steenhoek St, Prairie City, IA 50228
32 Unit Apartment Building | $4,130,000 ($129,063/Unit) | 5.23% Cap Rate | Prairie City, IA 50228
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,130,000
- Property Type
-
Multifamily
- Square Feet
- 37,632 SF
Listing Contacts
Jared Husmann
Verified Profile
- Property Info
Property Overview
The KataLYST Team as part of KW Commercial is pleased to bring to market these 16-
Duplexes built between 2003-2008 and located in adjacent lots on a single street. With low
maintenance and low management responsibilities with all of the services done by the
residents, this is a perfect property for an investor looking for simple cash flow OR a 1031 investor!
Duplexes built between 2003-2008 and located in adjacent lots on a single street. With low
maintenance and low management responsibilities with all of the services done by the
residents, this is a perfect property for an investor looking for simple cash flow OR a 1031 investor!
Property Details
- Year Built
- 2005
- Stories
- 1
- Lot Size (sq. ft)
- 189,922 SF
- Units
- 32
Highlights
- Quiet Suburban Market: Mulitfamily property situated in the tranquil Prairie City neighborhood
- Property Features: Includes 32 units with a mix of 2Bd/2Ba and 3Bd/1Ba configurations, ensuring versatile rental options.
- Stable Cap Rate: Offered at a true 5.23% Cap rate, ensuring investor returns.
- Attractive Tax Benefits: Offers significant tax advantages, making it an appealing investment through cost-segregation.
- Ideal for Investors: Perfect opportunity for passive investors or 1031 exchanges looking for a profitable and maintenance venture.
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