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214 North 4th Street
Burlington, IA 52601
Asking Price
$490K
Cap Rate
10.63%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
40,000 sqft of leased units with potential for more. <p><strong>Stabilized Day-One Income:</strong> The property is already doing the heavy lifting. All but one of the currently active, market-ready units are fully leased, providing a reliable revenue stream from the moment of closing.</p><p><strong>Massive Footprint:</strong> 40,000 total sq. ft. across three stories, plus basement, offers incredible economies of scale under a single roof.</p><p><strong>Unbeatable Location:</strong> Situated in Burlington's vibrant historic district, the property
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NOI
$80,000
Cap Rate
16.33%
DSCR
2.75
Strong
Cash-on-Cash
34.63%
Monthly Payment
$2,424.253
Annual Cash Flow
$50,908.968
