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Lions Gate Apartments 320 W 3rd St N 38 Unit Apartment Building For Sale Newton, IA 50208
Investment Highlights
- Strong Revenue Growth Opportunity Proven by Historical Performance
- Best-In-Class Asset with Modern Unit Features
- Prime and Strategic Location with Strong Connectivity
- Muted Supply Driving Market Rent Growth
- Unique Pre-Set Tax Increment Financing Benefits
- Offered Free and Clear of Existing Debt
Executive Summary
As exclusive advisor, MMG Real Estate Advisors is pleased to offer the opportunity to purchase Lions Gate, a 38-unit community located in Newton, Iowa. Constructed in 2019, the property offers modern construction and high-quality finishes, providing its residents with an elevated living experience in one of Central Iowa’s growing secondary markets. Lions Gate is located in the Des Moines MSA, while also near the Iowa Speedway and Newton’s Downtown District, offering convenient access to local employers, everyday necessities, and entertainment. This asset provides investors with a stabilized, low-maintenance investment opportunity with continued upside through rent growth.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 0.96 AC |
| No. Units | 38 | Building Size | 45,600 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2019 |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.96 AC |
| Building Size | 45,600 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 2019 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,456 CAD | 609 |
| 2+2 | 32 | $1,716 CAD | 845 |
| 3+2 | 2 | $1,997 CAD | 1,180 |
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 08-34-105-005 | Improvements Assessment | $5,012,164 CAD (2025) |
| Land Assessment | $78,389 CAD (2025) | Total Assessment | $5,090,553 CAD (2025) |
Property Taxes
Parcel Number
08-34-105-005
Land Assessment
$78,389 CAD (2025)
Improvements Assessment
$5,012,164 CAD (2025)
Total Assessment
$5,090,553 CAD (2025)
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Lions Gate Apartments | 320 W 3rd St N
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