Sold: JD Apartments 173-177 16th Ave SW Cedar Rapids Iowa

We have just listed two 8 unit apartment buildings at 173 and 177 16th Ave SW, known as the JD Apartments. There are 16 one bedroom units and each building has a good rental history. Numerous updates in the past few years including air conditioners, roofs, electrical panels and more! Listed at $298,000 with over a 9% CAP rate. Contact…

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Multifamily investments with your IRA Retirement Funds

If you’ve ever considered moving your retirement funds into a self-directed IRA to purchase investment properties, here’s a great article from the CCIM institute on the subject: Self-directed IRAs provide a twofold opportunity for CRE pros Other considerations Often times retirement funds will not allow you to personally sign for a note, so a non-recourse loan is required. Today…

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Sold Five – Marion 4 Plex Apartment Listings

: Five Marion 4 Plex apartment buildings Four of the 4 Unit buildings are located on the same street for easy management! All of the buildings are well cared for and great occupancy. Perfect for the investor who wants 4 units or up to 20 units if you purchase all buildings. Don’t hesitate, these properties will likely sell quickly! To…

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Nestlewood Apartment for sale

Sold: Nestlewood 16 Unit Apartment for sale $285,000 Anamosa, IA

Sold: Nestlewood 16 Unit Apartment for sale $285,000 Anamosa, IA 16 – One bedroom units with off street parking and good rental history. Owner pays water/sewer/trash Tenants pay electricity Contact us with any questions, to setup a showing etc.. Complete the contact form below to immediately access a detailed property package.  

Multifamily High Time: A Seller’s Market?

With prices peaking and buyers aplenty, seven years after the top of the last upturn, the time may be right again to sell. Here’s an interesting article every multifamily owner should read and read close: The larger investment companies and many REIT’s are selling multi-family apartments as they cannot justify 4% CAP rates with 6% interest rates. If buyers…

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SOLD :Two 4 plex apartments for sale in Fairfax, IA

SOLD:Two 4 plex apartments for sale in Fairfax, IA Multifamily Associates has listed two 4 plex adjacent apartments for sale. 4 PLEX at 320 Reynolds Street, Fairfax BUILDING A 1 – 2br unit and 3 – 1br units All electric with wall A/C Tenant pays electric and water Vinyl siding Built 1979 Common laundry for both buildings 1 unit is…

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117 Railroad St Fairfax IA-1

8 unit – 2 bedroom apartment buliding for sale in Fairfax, IA

MultiFamily Associates has just listed an 8 unit apartment building in Fairfax, IA Contact us for more detailed information and a property package. Details are: 8 PLEX at 117 Railroad Street, Fairfax 8 – 2 bedroom units Gas, heat, central air Tenants pay gas, electric and water Vinyl siding Built in 1992 Recently reinsulated 2 laundry areas Most carpet replaced…

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Correction: Apartment properties NOT eligible for Iowa Property Tax Relief Act

Yesterday we reported on How to Apply for Property Tax Relief Act for apartment owners but that information was incorrect. Multifamily apartment owners are not part of this relief act, actually they are part of a rollback program over the coming years. You can review and get more details of the Iowa Property Tax Reform here:  

List Your Properties on for Free!

Iowa Rental Property Providers: List Your Properties on for Free!   Dear Property Provider:   The Iowa Finance Authority (IFA) is pleased to introduce, a service that will allow greater access to real-time Iowa rental housing information.   We strongly encourage you to use the new site to advertise properties free of charge beginning today. The site will be…

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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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