1605 Collins St, Webster City, IA 50595
MULTIFAMILY For SaleYear Built: 1989
Floors: 2
| Space | Size | Type | Pricing |
|---|---|---|---|
| Multifamily Property | SALE | $13,850,000.00 |
Daniel Dempsey - NAI Iowa Realty Commercial
PHONE: 5153060794
PHONE: 5154535403
- 24 Unit Apartment Property located south of Webster City High School - 16 Units - 2bd 1ba, 8 Units - 1bd 1ba. 23/24 units have been updated. - Strong rental demand in market with low vacancy and limited new supply. - Value add opportunity to implement RUBS / utility bill back and update final unit. - Webster City is the county seat for Hamilton county, and home major employers Van Diest Supply, Mary Ann's Specialty Foods, Webster City Custom Meals and Tasler. - Last 3-year NOI average 97k - 7 % Cap Rate