Multifamily Property for Sale in Boone, IA

  • Price: $1.7M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Boone, IA 50036

Description

Parkview Terrace, a 24-unit apartment community located in Boone, Iowa. CBRE is pleased to offer the opportunity to acquire Parkview Terrace, a 24-unit apartment community located in Boone, Iowa. Built in 1968, Parkview Terrace consists of two buildings featuring all 2-bedroom, 1.5-bathroom floor plans. The property has been well maintained and presents a compelling value-add opportunity through interior unit renovations. Address: 1003 Parkway Dr, Boone, IA 50036 List Price: $1,725,000 Cap Rate: 8.09% Number of Units: 24 Unit Mix: All 2BR/1.5BA Occupancy: 95.8% Total Building SF: 23,760 Avg. In Place Rent: $808 Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=kZ70rEm4mXFO85ShMCF1eIgb9T_HS81VeRBWpnzV3FXQs5lC8yN-g5HKaX3E0o-X

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