Description
The KataLYST Team at KW Commercial is excited to exclusively present this outstanding investment opportunity in Waterloo, IA. This portfolio of 6 townhome-style units offers a true Cap Rate of 6.47% and a 5-year annualized return of 9.04% with professional management already in place. Actual-Cap Rate: 6.47% –5-Year Annualized Return: 9.04% Value-Add Opportunity: Light renovations can yield an 8% rent increase, already being achieved in 16% of the units, validating market demand and pricing.
Details
Address: 104 Arden St
City & State: Waterloo, IA
Current Price: $360,000
Building SF: 6,264 SF
Price / Unit: $60,000
CAP Rate: 6.47%
Year Built: 1929