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701 Swan St - The Hawthorn Apartments 31 Unit Apartment Building Offered at $3,105,922 CAD at a 8.27% Cap Rate West Burlington, IA 52655
INVESTMENT HIGHLIGHTS
- 100% Occupied
- All two-story 2-bedroom, 1.5-bath floor plans
- Located just off HWY 34 and within a mile of major retailers such as Lowe’s, Kohl’s, Walmart, Hy-Vee, Hobby Lobby, Dicks Sporting Goods, and Starbucks
EXECUTIVE SUMMARY
CBRE is pleased to offer The Hawthorn Apartments, a 31-unit property located in West Burlington, Iowa. West Burlington (population: 3,184) is adjacent to Burlington which has a population of 23,637. The property is located just off HWY 34 and within a mile of major retailers such as Lowe’s, Kohl’s, Walmart, Hy-Vee, Hobby Lobby, Dicks Sporting Goods, and Starbucks.
The property consists of six buildings built in 1969 and features all two-story 2-bedroom, 1.5-bath floor plans. 16 of the 31 units have been renovated. All units have washer and dryer connections.
Address: 701 Swan St, West Burlington, IA 52655
List Price: $2,225,000
Cap Rate: 8.27%
Year Built: 1969
Number of Units: 31
Unit Mix: All 2BR/1.5BA
Occupancy: 100%
Total Building SF: 29,812
Avg. In Place Rent: $814
Number of Buildings: 6
Number of Stories: 2
Parking: Surface
Click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=VgeX3A1CWVmfXRZm43SNRBjv2xGxSuRZOXbdT37o463l7oDPyds9TrXf7b_P_VqD
The property consists of six buildings built in 1969 and features all two-story 2-bedroom, 1.5-bath floor plans. 16 of the 31 units have been renovated. All units have washer and dryer connections.
Address: 701 Swan St, West Burlington, IA 52655
List Price: $2,225,000
Cap Rate: 8.27%
Year Built: 1969
Number of Units: 31
Unit Mix: All 2BR/1.5BA
Occupancy: 100%
Total Building SF: 29,812
Avg. In Place Rent: $814
Number of Buildings: 6
Number of Stories: 2
Parking: Surface
Click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=VgeX3A1CWVmfXRZm43SNRBjv2xGxSuRZOXbdT37o463l7oDPyds9TrXf7b_P_VqD
PROPERTY FACTS
| Price | $3,105,922 CAD | Lot Size | 1.87 AC |
| Price Per Unit | $100,191 CAD | Building Size | 29,512 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 8.27% | No. Stories | 2 |
| No. Units | 31 | Year Built | 1969 |
| Property Type | Multifamily | ||
| Zoning | MF | ||
| Price | $3,105,922 CAD |
| Price Per Unit | $100,191 CAD |
| Sale Type | Investment |
| Cap Rate | 8.27% |
| No. Units | 31 |
| Property Type | Multifamily |
| Lot Size | 1.87 AC |
| Building Size | 29,512 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | MF |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer Hookup
- Refrigerator
- Range
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 31 | - | - |
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PROPERTY TAXES
| Parcel Number | 10-36-304-016 | Improvements Assessment | $1,883,826 CAD |
| Land Assessment | $184,700 CAD | Total Assessment | $2,068,526 CAD |
PROPERTY TAXES
Parcel Number
10-36-304-016
Land Assessment
$184,700 CAD
Improvements Assessment
$1,883,826 CAD
Total Assessment
$2,068,526 CAD
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701 Swan St - The Hawthorn Apartments
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