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How to apply for Iowa Property Tax Relief Act

NOTE: This does NOT apply to multifamily apartment properties The Iowa Property Tax Relief Act, adopted June 12, 2013, created a Business Property Tax Credit for which all owners of Iowa real estate assessed as commercial, industrial and railroad property can apply. The credit is not automatic, but the owner must submit an application to the local assessor. The Iowa…

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Self Storage opportunities for sale in Iowa

We’ve currently learned about three self storage investment opportunities in Iowa. One has been listed and the price has been reduced to $325,000 with the option to purchase more land and build more storage. The units are full rented with little turn over. There are also two other smaller properties with less than 20 units in a couple small towns…

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1233 3rd Ave Apartment For Sale

Price Improved! 16 Units $225,000 in Cedar Rapids, IA

The owner says get it sold! Price has been reduced to $225,000 on 16 units fully rented in Cedar Rapids. 12% CAP rate with a great rental history Details are below, contact us for more details or to request a package   Skogman Commercial Group MultiFamily Associates – (319) 360-6118 Multifamily Property For Sale 1233-1237 3rd Ave SE 1233 3rd…

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DISPOSITION WATCH for Apartment Owners

Since January 2013 calls from buyers looking for multi-family units have increased. •Buyers have become aggressive •Marketing times have decreased •Sales prices have increased In our opinion this has clearly become a Seller’s Market.  In spite of this change, very few owners have put properties on the market.  We believe owners are reluctant sellers for 2 reasons: 1.Potential sellers don’t…

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985 3rd St Marion-Duplex for sale

Just Listed: Fully rented Marion Duplex

We have just listed a duplex investment property in Marion. It’s located in a great neighborhood near a park fully leased. View the details below and contact us for more information or to setup a showing.

Home builders turning to rental apartment building

This statement caught our attention reading this article recently: Since 2005, according to the U.S. Census Bureau, every new household formed has been a rental household. The sector has been underbuilt since 2004, so there is a lack of product available, which in turn has caused rents to rise steadily in most markets. New construction is increasing, but it is…

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Price Improved: 1233 3rd Ave SE

The price has been improved on the 16 units at 1233 3rd Ave SE to $255,000. Contact us for a complete property package Skogman Commercial Group MultiFamily Associates – (319) 360-6118 Multifamily Property For Sale 1233-1237 3rd Ave SE 1233 3rd Ave SE, Cedar Rapids, IA 52403 Price: $255,000 No. Units: 16 Building Size: 6,150 SF Price/Unit: $15,937.50 Property Type:…

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16 units / 2 – 8 Plex buildings recently listed

MultiFamily Associates recently listed 16 units made up of two 8 unit buildings face to face. Contact us for a complete property package Skogman Commercial Group MultiFamily Associates – (319) 360-6118 Multifamily Property For Sale 1233-1237 3rd Ave SE 1233 3rd Ave SE, Cedar Rapids, IA 52403 Price: $276,000 No. Units: 16 Building Size: 6,150 SF Price/Unit: $17,250 Property Type:…

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New duplex listing: 2710 O Ave NW, Cedar Rapids, IA

We recently listed a fully leased duplex at 2710 O Ave NW. Great rental history, tenants pay all utilities, in a nice neighborhood on a wooded lot. Click here for more details: http://www.loopnet.com/lid/17906711

Price reduction and 10% carry back option

Wilshire Apartments has been reduced to $350,000 and the owner is willing to carry back a 10% 2nd mortgage for any buyer with 10% down and 80% bank financing. Click the link below for more details: http://www.loopnet.com/lid/17440282