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602 Creekside Lane
Marshalltown, IA 50158
Asking Price
$5.60M
Cap Rate
6.8%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 24 Units | $233,333/unit <ul><li>High Demand Rental Product: Mix of corporate and non-corporate tenants</li><li>Immediate Yield Maximization: 3-Year 100% municipal tax abatement active from stabilization.</li><li>Durable Tenant Base: Corporate housing demand backed by regional industrial giants.</li><li>Efficient Expense Profile: Low routine maintenance assumptions paired with optimized insurance costs.</li><li>Premium Asset Class: Rare Class A, new-construction footprint across a single cul-de-sac parcel layout.</
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NOI
$80,000
Cap Rate
1.43%
DSCR
0.24
Underwater
Cash-on-Cash
-15.03%
Monthly Payment
$27,705.745
Annual Cash Flow
$-252,468.934