The Briza Apartments — Sale in Boone, IA

  • Price: $3.6M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Boone, IA 50036

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Description

57 Units | Boone, Iowa CBRE is pleased to offer the opportunity to acquire The Briza Apartments, a 57-unit apartment community located in Boone, Iowa. Built in 1977, The Briza Apartments features all one-bedroom, one-bathroom floor plans. The property has been well maintained and presents a compelling value-add opportunity through continued interior unit renovations and common area enhancements. 20 out the 57 units have been renovated with new LVP flooring, paint, and new cabinetry and appliances as needed. Additionally, a washer and dryer were added in 4 units. The Briza Apartments offers investors the chance to acquire a well-located asset in a stable central Iowa market. Address: 1104 8th St, Boone, IA 50036 List Price: $3,595,000 Cap Rate: 8.22% Number of Units: 57 Unit Mix: All 1BR/1BA Total Building SF: 42,122 Avg. In Place Rent: $710 Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=TSfopRpDEivNkdhyMLUfBzr9b1_SeROvuoQgg7ifVKXbiy5HJgEzWv-KQOk0oJkd

Market Context

This multifamily in Boone, IA is listed for sale at $3,595,000. Compare it against other multifamily listings for sale in Boone, IA — view the full market.

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