CBRE|HUBBELL COMMERCIAL 6900 Westown Parkway West Des Moines, Iowa 50266 www.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 PROPERTY 317-318 E VAN DORN STREET, POLK CITY, IOWA PRICE REDUCTION
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16 UNIT MULTI FAMILY INVESTMENT PROPERTY · − 1.7 miles to Saylorville Marina − Rent Upside − Strong Occupancy History FOR SALE 16 UNIT MULTI FAMILY INVESTMENT PROPERTY 317-318
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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