Over 7% cap rate on this stable 8 unit brick apartment building in the heart of Madrid. Large units of 800/SF, 2 bed/1 bath. New roof coming soon thanks to Derecho. Unit 1 is vacant for showings. All others can be shown during the due diligence period. Please refer to documents attached for proforma. Some newer appliances, flooring, some newer HVAC.
Off market
$504,450
211 S Green St, Madrid, IA 50156
--beds
1baths
6,660sqft
MultiFamily
Built in 1970
-- sqft lot
$-- Zestimate®
$76/sqft
$1,188 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Baseboard, Gas
Cooling
- Central
Features
- Carpeting, Vinyl Floors
Interior area
- Total interior livable area: 6,660 sqft
Property
Features
- Exterior features: Brick
Lot
- Size: 0.32 Acres
Details
- Parcel number: 088225312286075
Construction
Type & style
- Home type: MultiFamily
Materials
- Other
- Roof: Shake / Shingle
Condition
- Year built: 1970
Community & neighborhood
Location
- Region: Madrid
Other
Other facts
- Air Conditioning: Window Unit
- Exterior: Brick
- Foundation: Poured
- Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Insurance Landlord, Misc Exp Landlord, Water Landlord
- Property Type: Multi-Family
- Style: Two Story
- Heat: Electric Baseboard
- Basement Desc: Slab
- MLS: Des Moines
- Interior Features: Carpeting, Vinyl Floors
- Heat Source: Electric
- Sellers Request: 0
- Last Change Type: Pending
- Geocode Source: PxPoint
- Parcel Number: 088225312286075