811 N Montgomery Avenue

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811 N Montgomery Avenue

Eagle Grove, IA 50533
Asking Price
$1.20M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Eagle Grove
  • Property located at 811 N Montgomery Avenue in Iowa
  • The residential asset consists of 8 individual rental units
  • Current asking price for the property is $1,200,000
  • Well-positioned in an established Wright County residential corridor

What's Special

This multifamily asset is currently available for sale in Eagle Grove, Iowa, presenting a viable acquisition for investors seeking to expand their residential holdings. Located at 811 N Montgomery Avenue, the property encompasses 8 apartment units. The city of Eagle Grove serves as a central hub within Wright County, supported by a diverse agricultural and industrial base that fosters consistent demand for rental housing. The regional economy relies heavily on local manufacturing and food production sectors, which contribute to a steady workforce population in need of stable living accommodations. With its current layout, this building functions effectively as a turnkey rental investment, suitable for those targeting long-term cash flow in a regional market. Prospective buyers will find this an accessible entry point or addition to an existing portfolio within the northern Iowa landscape.

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

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