16 unit multi family investment property · − 1.7 miles to saylorville marina − rent upside −...
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CBRE|HUBBELL COMMERCIAL6900 Westown Parkway West Des Moines, Iowa 50266www.cbre.com/desmoines
MULTI FAMILY INVESTMENT
CBRE|Hubbell Commercial is the exclusive advisor for the sale of 317 & 318 E Van Dorn Street Apartments. This
complex is located right off the town square in Polk City, IA. The property is comprised of all two bedroom units that
have been well-maintained.
+ Offering Price
− $840,000 $820,000
+ Property Features
− Number of Apartments Units - 16
− Number of Apartment Buildings - 2
− Net Leaseable Area - 10,400 SF
− Average Square Feet - 650 SF
− Gross Land Area - 0.776 acres
− Year Completed - 1969
− Occupancy - 100%
− Cap Rate - 8.0%
− Community connected to two regional bike trails
− 1.7 miles to Saylorville Marina
− Rent Upside
− Strong Occupancy History
FOR SALE
16 UNIT MULTI FAMILY INVESTMENT PROPERTY317-318 E VAN DORN STREET, POLK CITY, IOWA
PRICE REDUCTION
FOR SALEMULTI FAMILY
16 UNITS POLK CITY, IOWA
© 2018 Hubbell Commercial Brokers, L.C., d/b/a CBRE|Hubbell Commercial. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdraw without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.
CONTACT US
MAX COLBY Senior Associate +1 515 221 6203 [email protected]
RYAN J. JENSEN, CCIMSenior Vice President +1 515 280 2067 [email protected]
DAVID ECKLEYSales Associate+1 515 221 [email protected]
LISTING #
AREA OVERVIEW
AREA DESCRIPTION
Polk City is a small town located just 20 minutes north
of Des Moines and less than 10 minutes from thriving
communities like Ankeny and Johnston. This location
offers quiet, peaceful living with all the amenities of
the city a short drive away. Polk City has almost
doubled in population since 2000 and is expected to
see continued growth.
POPULATION
The population of Polk City has seen steady growth
since the turn of the century and continues to project
growth in the coming decade. Current estimates show
the population around 4,430 in Polk City and the Polk
County population over 467,700. Metro employers
include:
TRANSPORTATION
The city is located off of highway 415 and allows for
less than one day travel to any major metro in the
Midwest.