Description
The KataLYST Team as part of KW Commercial is pleased to bring to market, the NestleWood Apartments located in Anamosa, IA. These units consist of 16-1Bd apartments with boiler heat and in-wall AC units. Over the years the previous owners have completed new windows, new siding, unit upgrades, and more!
On-site washer and dryer available for tenant’s use and only a few blocks away from the local grocery store and Main St. This property is truly a trophy asset for a new owner!
Details
Address: 405 North Davis Street
City & State: Anamosa, IA
Current Price: $735,000
Building SF: 7,856 SF
Lot Size: 0.40 Acres
Cap Rate: 8.09%
Year Built: 1970
Property Highlights
- The property features 16 one-bedroom units, providing consistent rental income
- Recent upgrades include new windows, siding, and unit improvements
- Conveniently located just a few blocks from grocery stores and Main Street
- Situated in a strong employment area with major employers nearby
- Offers a solid investment with a 8.09% Cap Rate and a price of $45,938 per unit