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🏢 Just listed — Commercial Multifamily for sale in Adel, IA.

📍 302nd Place & Hwy 169, Adel, IA
🏷  Commercial Multifamily · For Sale
💰 Contact for price

Multifamily

<ul><li>Prime Adel commercial sites</li><li>New high school across the street west</li><li>All utilities; ready to build</li><li>See exhibits for pricing </li><li> Lots 45,46,47,48 sold together - price $650,000</li></ul>

Full financials, photos, and broker contact:
https://commrty.com/property/iowa/adel/southbridge-plat-3apartment-land-2488014-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=southbridge-plat-3apartment-land-2488014

#Adel #Multifamily #CommercialRealEstate #CRE #Investment

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Home/IA/Adel

302nd Place & Hwy 169

Adel, IA 50003

Asking Price

Contact for price

Asset Type

Commercial Multifamily

Class

Class B

What's Special

Multifamily <ul><li>Prime Adel commercial sites</li><li>New high school across the street west</li><li>All utilities; ready to build</li><li>See exhibits for pricing </li><li> Lots 45,46,47,48 sold together - price $650,000</li></ul>

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

8.00%

DSCR

1.35

Strong

Cash-on-Cash

6.88%

Monthly Payment

$4,947.454

Annual Cash Flow

$20,630.547

Location & Travel Times

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8% CAP

📍

$9.99M

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Listed by Owner · For Sale