Country Side | 117 E Walnut St
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Country Side 117 E Walnut St
18 Unit Block of Flats £422,982 (£23,499/Unit) 8.89% Net Initial Yield Burt, IA 50522
Executive Summary
Address: 117 E Walnut St, Burt, Iowa 50522
Average Unit Rent: $515
Offering Price: $540,000 ($30,000/unit)
Heating: Electric Baseboard
Cap Rate: 8.89%
Cooling: Window AC Units
Number of Units: 18
Water Heater: Common
Unit Mix: 1-Studio; 14-1BR/1BA; 2-2BR/1BA; 1-3BR/1BA
Utilities: Owner pays common area electric, water, sewer, and trash. Tenant pays electric.
Year Built: 1975 & 1982
Laundry: Common Area Coin-Operated
Average Unit Rent: $515
Offering Price: $540,000 ($30,000/unit)
Heating: Electric Baseboard
Cap Rate: 8.89%
Cooling: Window AC Units
Number of Units: 18
Water Heater: Common
Unit Mix: 1-Studio; 14-1BR/1BA; 2-2BR/1BA; 1-3BR/1BA
Utilities: Owner pays common area electric, water, sewer, and trash. Tenant pays electric.
Year Built: 1975 & 1982
Laundry: Common Area Coin-Operated
Property Facts
| Price | £422,982 | Property Subtype | Apartment |
| Price Per Unit | £23,499 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 8.89% | Building Size | 7,942 SF |
| No. Units | 18 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1975 |
| Price | £422,982 |
| Price Per Unit | £23,499 |
| Sale Type | Investment |
| Net Initial Yield | 8.89% |
| No. Units | 18 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Building Size | 7,942 SF |
| Number of Floors | 1 |
| Year Built | 1975 |
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PROPERTY TAXES
| Parcel Number | 14-24-451-013 | Improvements Assessment | £56,269 |
| Land Assessment | £22,011 | Total Assessment | £78,280 |
PROPERTY TAXES
Parcel Number
14-24-451-013
Land Assessment
£22,011
Improvements Assessment
£56,269
Total Assessment
£78,280
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Country Side | 117 E Walnut St
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