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320 West 3rd Street North
Newton, IA 50208
Asking Price
$6.50M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 38 Units I 6.6% CAP Rate <ul><li>Strong Revenue Growth Opportunity Proven by Historical Performance</li><li>Muted Supply Driving Market Rent Growth</li><li>Best-In-Class Asset with Modern Unit Features</li><li>Unique Pre-Set Tax Increment Financing Benefits</li><li>Prime and Strategic Location with Strong Connectivity</li><li>Offered Free and Clear of Existing Debt</li></ul>
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NOI
$80,000
Cap Rate
1.23%
DSCR
0.21
Underwater
Cash-on-Cash
-15.69%
Monthly Payment
$32,158.453
Annual Cash Flow
$-305,901.442
