See more details here:

http://marketedge.reiwise.com/property.aspx?propid=38951

    Another nice 4 plex 2 bedroom investment is on 1420 Daleview Dr Marion Ia.View more details and request a full package here:

http://marketedge.reiwise.com/property.aspx?propid=38520

To view these listings and all our current inventory go to http://MultiFamilyAssociates.com/Inventory

Get more details and review all our listings at: http://MultiFamilyAssociates.com/Inventory

This is one of the better located 4-plexes in the area.

Units are all good sized. Average rent is $420/month with the highest at $450/month.

Heat is hot water and the boiler is newer.

Units have been converted to co-ops.

To learn more about this property visit: http://marketedge.reiwise.com/property.aspx?propid=38522

To request a full property package just email Team@MultiFamilyAssociates.com

We’ve listed a number of 4 plex units in the Marion, Hiawatha area

There are 24 units, however the owner currently uses one unit for storage.

Property Description

This is a stylish 21/2 story building built in 1971.

There are 24 units; 6 efficiencies, 17 one

bedrooms and one storage unit. Heat is hot

water. Owner pays heat, water and common

area electricity. Since 2010 owner has spent

$22,700 for a new roof, insulation, cabinets,

carpet and new laundry equipment. All leases

are for a year and damage deposits are equal to

one month’s rent.

Management

Owner lives in Cedar Rapids and property is an hour away in Ottumwa. There are two employees.

A person to oversee business who signs leases and cleans along with a maintenance man who does medium to light repairs and contracts out major repairs. Current charge for these two people is 12% of collected rents.

Reducing Expenses & Increasing Income

The management cost can probably be reduced to 8-10% of collections rather than 12% and probably all rents can be increased by $25. Owner has that increase in place for six of the units beginning December 1st.

Special Note: Unit 6 is designated storage, but actually is an efficiency unit and could be restored and rented.

Request a full property package

For more information and a complete property package email Team@MultiFamilyAssociates.com or view more information here:

http://marketedge.reiwise.com/property.aspx?propid=38487

At the time of this writing there were two open units but not for long, they generally have a waiting list.

The property is adjacent to Murphy park and all tenants are age 55 or older.

There are 27 units with 28 garages and a brick exterior and resurfaced drive.

The property is extremely clean and well kept!

The property is listed for $1.8M and possession can still be completed by the end of 2011.

View online property information here: Seniors Apartments

For a full package of information email: Team@MultiFamilyAssociates.com

The current owner has recently replaced the roofs, windows, boilers and air conditioning units

We are assembling property packages and each will be sent out in the coming days/weeks ahead.

If you’d prefer to get information sooner than later please email Team@MultiFamilyAssociates.com and we’ll send you what we have assembled so far.

All of the properties are in eastern Iowa (Ottumwa, Dubuque, Marion, Hiawatha) and range from 4 plex buildings up to 27 unit complex.

Many are traditional apartments but one building is student housing and another is senior apartments.

Again watch your email for individual property updates in the coming days.

Over the coming days we’ll highlight each property listing but in case you want to see them all now we have a direct link and the listings below

Click here to view our current listings

The updated package reflects the price change.

Please let us know if you have any questions.

24 – 2 bedroom units in 2 – 12 plex buildings. properties have been well maintained. heat is hot water boiler, A/C is wall units
cap rate is proforma

Excellent Location near Westdale Mall an dother retail shopping. easy downtown and Hwy 30 access

$775,000

Click to download a full property package: Kenrich Apartments - Package (92)

Cap rate is proforma. 44 units and 18 garages. Well maintained 3 building complex has 12- 1 bedroom units and 32- 2bedroom units. Rents have not been increased for several years

Tree lined residential area across from grade school

$995,000

Click here to download a property package Rustic Ridge - Package (73)