619 Layne Drive
West Burlington, IA 52655
$2,290,000
Descripción
619 Layne Drive,
West Burlington,
IA
52655
EXCEPTIONAL investment opportunity! Located in the thriving community of West Burlington, Iowa This newly constructed multifamily property features 9 LUXURY 2 bedroom, 2 bath condominium units. Each residence has been meticulously designed to offer the pinnacle of modern living, promising both comfort and elegance. Construction on these stunning units was completed in 2021. The property is currently fully leased. A monthly rent of $2,000 per unit, produces a gross rent of $216,000 annually, underpinned by a solid Net Operating Income (NOI) of $147,815, reflecting a desirable CAP rate of approximately 6.16%. The property boasts low vacancy rates, thanks to its prime location and high-demand luxury accommodations. Professional management is in place and willing to work with new owner. Seller is licensed to sell Real Estate in the State of Iowa.
This is an Active listing.
Broker Office Phone Number: 319-237-1139
Copyright © 2024NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Toda la información proviene de fuentes consideradas confiables pero está sujeta a errores, omisiones, cambios de precio, venta previa o retiro sin previo aviso. No se hace ninguna representación en cuanto a la precisión de las descripciones, medidas, pies cuadrados o acres y no se debe confiar en ellos como tales. Toda la información contenida en este documento debe ser confirmada por el cliente. Todos los derechos sobre todo el contenido, incluidos, entre otros, fotografías, videos y otros gráficos, están reservados exclusivamente al corredor que suministró dicho contenido de la lista. Toda la publicidad en este sitio está sujeta a la Ley Federal de Vivienda Justa.
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Listing By: Midwest Realty via Data Source: NoCoast MLS
Multifamiliar
Tipo de inmueble
Historial de precios
| date | price | variance | type |
|---|
| 11/14/2024 | $2,290,000 | 4.58 % | disminuido |
| 2/21/2024 | $2,400,000 | - | Listado |
agente de listado: John Mercer IV
