Basics
- Date added: Added 2 months ago
- Price per sqft: $790.23
- Category: Multi-Unit
- Status: Pending
- Area: 2784 sq ft
- Year built: 1965
- MLS ID: 834593
Description
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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 & 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.
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