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Cumberland House 2365 Tech Dr 32 Unité Immeuble d’appartements 3 622 412 $ CAD (113 200 $ CAD/Unité) 7,34% Taux de capitalisation Bettendorf, IA 52722
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 1999 Built
- Cumberland House recently transitioned from LIHTC/Senior to Market-Rate - no further restrictions apply
- New residents are billed back a $50/month utility fee
- Management is leasing vacant one-bedroom units for $795 plus a $50 utility fee and two-bedroom units for $895 plus a $50 utility fee
RÉSUMÉ DE L'ANNONCE
CBRE is pleased to offer for sale Cumberland House, a 32-unit multifamily community located in Bettendorf, Iowa. Cumberland House offers a new investor a unique opportunity to acquire a property that recently transitioned from LIHTC/Senior to Market-Rate - no further restrictions apply. Management is leasing vacant one-bedroom units for $795 plus a $50 utility fee and two-bedroom units for $895 plus a $50 utility fee.
Built in 1999, the property features a mix of 25 one bedrooms and 7 two bedrooms. The elevator served building has common area laundry, a large community room with a full kitchen, and an on-site leasing office.
Cumberland House is well located in Bettendorf near an abundance of retail, across the street from the Bettendorf Public Library, and is situated directly between the Bettendorf Middle School and High School. The property is surrounded by strong demographics, including an average median income over $107,600 and average home value over $358,600 within a 3 mile radius.
CLICK HERE for more information: https://www.cbredealflow.com/buyer/agreement?pv=ZHmYHBG475miv_S3AuEksUKnrJrhcZFFsVdfExVR8FZQJxwVAlNdR0F0BxsLsDqB
Address: 2365 Tech Drive, Bettendorf, IA 52722
Year Built: 1999
No. of Units: 32
Unit Mix: 25 - 1BR/1BA; 7 - 2BR/1BA
Parcel Size: 1.00 acre
Construction: Wood frame
Exterior Materials: Vinyl siding (new in 2025)
Windows: Vinyl
Heating: Boiler
Cooling: Sleeve A/C units
Utilities: Resident pays electric within their unit. Owner pays gas (heat), water, sewer, trash, and common area electric. New residents are billed back a $50/month utility fee.
Parking: Surface
Building Amenities: Elevator, community room with full kitchen, on-site leasing office, on-site beauty shop, and large community deck
Cumberland House recently transitioned from LIHTC/Senior to Market-Rate - no further restrictions apply
Management is leasing vacant one-bedroom units for $795 plus a $50 utility fee and two-bedroom units for $895 plus a $50 utility fee
Built in 1999, the property features a mix of 25 one bedrooms and 7 two bedrooms. The elevator served building has common area laundry, a large community room with a full kitchen, and an on-site leasing office.
Cumberland House is well located in Bettendorf near an abundance of retail, across the street from the Bettendorf Public Library, and is situated directly between the Bettendorf Middle School and High School. The property is surrounded by strong demographics, including an average median income over $107,600 and average home value over $358,600 within a 3 mile radius.
CLICK HERE for more information: https://www.cbredealflow.com/buyer/agreement?pv=ZHmYHBG475miv_S3AuEksUKnrJrhcZFFsVdfExVR8FZQJxwVAlNdR0F0BxsLsDqB
Address: 2365 Tech Drive, Bettendorf, IA 52722
Year Built: 1999
No. of Units: 32
Unit Mix: 25 - 1BR/1BA; 7 - 2BR/1BA
Parcel Size: 1.00 acre
Construction: Wood frame
Exterior Materials: Vinyl siding (new in 2025)
Windows: Vinyl
Heating: Boiler
Cooling: Sleeve A/C units
Utilities: Resident pays electric within their unit. Owner pays gas (heat), water, sewer, trash, and common area electric. New residents are billed back a $50/month utility fee.
Parking: Surface
Building Amenities: Elevator, community room with full kitchen, on-site leasing office, on-site beauty shop, and large community deck
Cumberland House recently transitioned from LIHTC/Senior to Market-Rate - no further restrictions apply
Management is leasing vacant one-bedroom units for $795 plus a $50 utility fee and two-bedroom units for $895 plus a $50 utility fee
FAITS SUR LA PROPRIÉTÉ
| Prix | 3 622 412 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 113 200 $ CAD | Classe d’immeuble | B |
| Type de vente | Investissement | Taille du lot | 1,00 AC |
| Taux de capitalisation | 7,34% | Taille du bâtiment | 28 725 pi² |
| Nombre d’unités | 32 | Occupation moyenne | 100% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 3 |
| Sous-type de propriété | Appartement | Année de construction | 1999 |
| Prix | 3 622 412 $ CAD |
| Prix par unité | 113 200 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,34% |
| Nombre d’unités | 32 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | B |
| Taille du lot | 1,00 AC |
| Taille du bâtiment | 28 725 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 3 |
| Année de construction | 1999 |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Climatisation
- Balcon
- Lave-vaisselle
- Traitement des déchets
- Réfrigérateur
- Fourchette
- Accessible aux fauteuils roulants (chambres)
COMMODITÉS DU SITE
- Accès contrôlé
- Clubhouse
- Installations de lessive
- Gestionnaire d'immeuble sur place
- Service de lavage de vêtements
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 25 | - | 524 - 642 |
| 2+1 | 7 | - | 761 - 821 |
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Walk Score®
Très pratique à pied (71)
Impôts fonciers
| Numéro de lot | 842105602 | Évaluation des bâtiments | 2 612 678 $ CAD |
| Évaluation du terrain | 243 693 $ CAD | Évaluation totale | 2 856 371 $ CAD |
Impôts fonciers
Numéro de lot
842105602
Évaluation du terrain
243 693 $ CAD
Évaluation des bâtiments
2 612 678 $ CAD
Évaluation totale
2 856 371 $ CAD
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Cumberland House | 2365 Tech Dr
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