× CLICK TO SELL YOUR APARTMENTS NOW! GARMAN TV AVAILABLE MULTI-FAMILY GARMAN PODCAST About Darin
507/509 High Avenue Springville, IA
  • Property Size:16 Unit
  • Location:Springville, Iowa
  • Projected Cash Flow Return Year 1:6%
  • Projected Cash Flow Return Year 3:9%
  • Projected Overall Return:14%
ABOUT THIS PROPERTY:

Two Fantastic 8 unit buildings that have enjoyed a great year after year track record of occupancy and cash flow. Within just a few miles of Marion and not much further to Cedar Rapids the demaind for these large two bedroom one bath units remain and should continue to be strong.   The owners are only selling due to having an opportunity to purchase more apartments. 

Why Invest In This Property

First, this is priced tens of thousands of dollars UNDER REPLACEMENT COST!  This is a good fit for the passive investor wanting a good sized property that will not only produce income but also be a project that will increase in value over the next three to five years. This is also an excellent landlord property if you like to oversee and run the management of the property yourself.  The demand for these apartments should remain strong and occupancy numbers should be consistent.   The owner looking to maximize their return will find the rents at levels that could be improved as well.   Location has been a winner for over 35 years! 
Current and Future Outlook

The future looks great with this project in terms of supply and demand.  These large units, some with garages is always in demand meaning an optimistic outlook in property value increases and rental increases over time.   The proximity to Marion and Cedar Rapids is a plus with many choosing to love a little further away from the larger cities.  

You can obtain a property prospectus and summary information from Darin by completing the quick form below..  Summary information will include income and expense information and realistic future income and rate of return projections as well.  You should request this package as the numbers are very, very good for ACTIVE or PASSIVE investors!  Ask for more financials to be sent to you below! 

*There are no warranties are guaranty's expressed or implied.  Please review property and property information carefully and ask a lot of questions before investing!

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