1453 North 11th Avenue East

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1453 North 11th Avenue East

Newton, IA 50208
Asking Price
$2.60M
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

44 Units | 100% Occupied | Newton, Iowa | Apartment & Townhome-Style Buildings <p>CBRE is pleased to present the opportunity to acquire Courtyard Apartments, a 44-unit value-add multifamily community located in Newton, Iowa. The property features a diverse unit mix of 24-2BR/1BA and 20-3BR/1BA units across townhome style and apartment style buildings constructed in 1979, 1980, and 1984.</p><p></p><p>Courtyard Apartments is located approximately 30 minutes east of Des Moines in Newton, a growing Central Iowa community. Strategically positioned along Interstate 80 with conve

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NOI
$80,000
Cap Rate
3.08%
DSCR
0.52
Underwater
Cash-on-Cash
-9.51%
Monthly Payment
$12,838.644
Annual Cash Flow
$-74,063.729

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