Description
The KataLYST Team as part of KW Commercial is pleased to bring to market these 16-Duplexes build between 2003-2008 and located in adjacent lost on a single street. With low maintenance, this is a perfect property for an investor looking for simple cash flow OR a 1031 investor!
Details
Address: 107 West Steenhoek St
City & State: Prairie City, IA
Current Price: $4,130,000
Lot Size: 4.36 Acres
Cap Rate: 5.23%
Year Built: 2003
Property Highlights
- These 16-Duplexes (32 units) consist of 2Bd/1Ba unit mixes with on-slab concrete foundations
- Boasting no steps an zero entries as well as all electric utilities these units are clean, well maintained, and offer very little for ownership to worry about
- Located on the North and South side of Steenhoek St. as one single ownership
- Pets are allowed with $25 fees per pet and most of the units consists of MTM rents which allows an owner to immediately raise rents
- This investment is perfect for a passive investor or a 1031 that will provide little management oversight and a steady stream of income