Courtyard Apartments — Sale in Newton, IA

  • Price: $2.6M
  • Listing type: For sale
  • Asset type: Business
  • Location: Newton, IA 50208

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: $2,595,000 Price Per Unit: $58,977 Cap Rate: 7.75% 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: $691 Number of Buildings: 6 + office/laundry Number of Stories: 2 & 3 Parking: Surface Parcel Size: 3.39 acres

Market Context

This commercial property in Newton, IA is listed for sale at $2,595,000. It has been on the market for 13 days. Compare it against other commercial property listings for sale in Newton, IA — view the full market.

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