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Rolfe Apartments 1106-1108 Elm St 20 Unit Apartment Building $771,400 CAD ($38,570 CAD/Unit) 10.76% Cap Rate Rolfe, IA 50581
Investment Highlights
- 100% Occupied
- 10 Garages
- 10.76% Cap Rate
Executive Summary
Address: 1106 Elm St & 402 Fourth St, Rolfe, Iowa 50581
List Price: $560,000 ($28,000/unit)
Cap Rate: 10.76%
Year Built: 1971, 1972 & 1974
Number of Units: 20
Garages: 10
Number of Buildings: 4 Residential
Unit Mix: 8-1BR/1BA & 12-2BR/1BA
Avg. In Place Rents: $476
Laundry: Common (4 sets total)
Heating: Boiler
Cooling: Wall A/C units
Water Heater: Common
Appliance Package: Fridge and stove
-Landlord pays electric, gas, water/sewer and trash.
-100% of trash is billed back based on unit square footage.
-94% of electric, gas and water/sewer is billed back based on unit square footage.
PLEASE CLICK HERE FOR MORE INFORMATION: https://www.cbredealflow.com/buyer/agreement?pv=V-wbYfPrdaCiU0kqFcTnVkffc4vg61wTqeUIH03mDCmNJKusrnQBwlm6rZiD6gRa
List Price: $560,000 ($28,000/unit)
Cap Rate: 10.76%
Year Built: 1971, 1972 & 1974
Number of Units: 20
Garages: 10
Number of Buildings: 4 Residential
Unit Mix: 8-1BR/1BA & 12-2BR/1BA
Avg. In Place Rents: $476
Laundry: Common (4 sets total)
Heating: Boiler
Cooling: Wall A/C units
Water Heater: Common
Appliance Package: Fridge and stove
-Landlord pays electric, gas, water/sewer and trash.
-100% of trash is billed back based on unit square footage.
-94% of electric, gas and water/sewer is billed back based on unit square footage.
PLEASE CLICK HERE FOR MORE INFORMATION: https://www.cbredealflow.com/buyer/agreement?pv=V-wbYfPrdaCiU0kqFcTnVkffc4vg61wTqeUIH03mDCmNJKusrnQBwlm6rZiD6gRa
Property Facts
| Price | $771,400 CAD | Apartment Style | Garden |
| Price Per Unit | $38,570 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.45 AC |
| Cap Rate | 10.76% | Building Size | 20,000 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1971 |
| Price | $771,400 CAD |
| Price Per Unit | $38,570 CAD |
| Sale Type | Investment |
| Cap Rate | 10.76% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.45 AC |
| Building Size | 20,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1971 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 550 |
| 2+1 | 12 | - | 612 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 000000805154009 | Improvements Assessment | $215,130 CAD |
| Land Assessment | $31,305 CAD | Total Assessment | $246,434 CAD |
Property Taxes
Parcel Number
000000805154009
Land Assessment
$31,305 CAD
Improvements Assessment
$215,130 CAD
Total Assessment
$246,434 CAD
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Rolfe Apartments | 1106-1108 Elm St
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