Basics
- Date added: Added 1 day ago
- Price per sqft: $790.23
- Category: Multi-Unit
- Status: Active
- Area: 2784 sq ft
- Year built: 1965
- MLS ID: 834593
Description
-
Description:
Gateway Real Estate Advisors is pleased to present 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.?
Show all description