2206-3220 Kenrich Dr SW, Cedar Rapids, IA
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: [...]
In this article: http://online.wsj.com/article/SB10001424052748703399404575506283325123138.html?mod=residential_real_estate the Wall Street Journal reports multifamily sales are on the rise. We’ve seen similar activity in the midwest and really never saw a decline in multifamily apartment sales.
The second quarter 2010 sales were up 32%!
If you’re thinking of buying or selling multifamily apartments contact us and we’ll help you find [...]
Rustic Ridge Apartments
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
24 condo units, in two buildings fully leased as apartments.
High efficiency design, tenants pay all utilities, close to shopping, schools and Interstate 380 and 80.
Click here to download a full package
Contact us for additional details or questions.
$1,400,000
Recently in an article published by REJournals
http://www.rejournals.com/2010/08/01/multi-family-market-remains-top-performer-in-midwest/
Ed Padilla didn’t hesitate to say the strongest commercial market today continues to be multifamily!
Here’s an interesting article from MultiFamily Executive. Experts agree today there is a shortage of properties and the opportunity for builders is great but the peak of the opportunity was 2009.
Read more here:
http://multifamilyexecutive.com/land-acquisition/a-dirty-shame.aspx?rssLink=A+Dirty+Shame
We have had a very busy and brisk first half of 2010 here in Iowa. National Real Estate Investor reports an comeback abroad.
Read more here:
http://nreionline.com/news/apartments_stage_comeback_0623/
According to the latest survey of 169 markets across the U.S. by researcher Reis, the national apartment vacancy rate peaked at a record 8% in the fourth quarter of 2009 [...]
Multifamily sector fundamentals are bouncing back after about two years of steady declines, according to Reis Inc.
The New York research firm reported that the sector’s asking and effective rents both rose in the first quarter after dropping in the six preceding quarters, while its national vacancy rate held flat at 8% [...]
National Real Estate Investor Magazine published an interesting article in the Jan/Feb 2010 issue.
http://nreionline.com/property/multifamily/real_estate_better_times_ahead/index.html
Although they talked about the problems around the country with the apartment markets they also talk about the future upside:
“Demographic trends are favorable for the apartment market over the next decade and beyond. In fact, the percentage of U.S. households that [...]
http://MultiFamilyExecutive.com posted an interesting article in January about five stories to watch in 2010!
The link to the article is here: http://multifamilyexecutive.com/multifamily-trends/five-multifamily-stories-to-watch-in-2010.aspx
Property Values continue to drop and financing is at best tough but there are some amazing deals out there compared to a short 12-24 months ago.
Construction starts continue to remain low which could signal [...]
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