18 Units Offered at a 7.34% Cap Rate
• NOI of $106,417
Total Offered Price: $1,500,000
• 18 Units at $1,450,000
• 0.68 acre Lot at $50,000
• 30 year amortization
• 3.75% Fixed Rate
Fannie Mae transferable loan in place
• 12/1/2032 Maturity Date
An ideal mix of units
• 7 – 1/1
• 8 – 2/1
• 1 – 2/1.5
• 2 – 2/2
• All utilities are separately metered
• Units have washers & dryers
• Tremendous corner location in
Waterloo
• Rents will increase in October with a
Proforma Cap Rate of 7.86%
• Seller may be willing to do
downpayment financing for qualified
buyers
Type: Apartment For Sale
Price: $1,500,000