Courtyard Apartments — Sale in Newton, IA
- Price: $2.4M
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Newton, IA 50208
Photos
Description
44 Units For Sale in Newton, IA CBRE is pleased to present the opportunity to acquire Courtyard Apartments, a 44-unit value-add multifamily community located in Newton, Iowa. The property features a diverse unit mix of 24-2BR/1BA and 20-3BR/1BA units across townhome style and apartment style buildings constructed in 1979, 1980, and 1984. Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=Tx2aA51PC5A8V1gK115__mTio3DhHHidqh8P-TLH6hyufYBnJ2GVtL5QRHaNuWtW Address: 1453 N 11th Ave E, Newton, IA 50208 List Price: $2,400,000 Price Per Unit: $54,545 Cap Rate: 9.41% Year Built: 1979-1980, 1984 Number of Units: 44 Unit Mix: 24-2BR/1BA; 20-3BR/1BA Total Building SF: 31,069 Avg. In Place Rent: $693 Number of Buildings: 6 + office/laundry Number of Stories: 2 & 3 Parking: Surface Parcel Size: 3.39 acres
Market Context
This multifamily in Newton, IA is listed for sale at $2,400,000. Compare it against other multifamily listings for sale in Newton, IA — view the full market.
Contact
- Ray Hamilton · 515 415 6111 · ray.hamilton@cbre.com
- Clark Matthews · 515 415 6131 · clark.matthews@cbre.com
- Cy Fox · 515 415 6109 · cy.fox@cbre.com
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