Parkview Terrace Apartments 1003 Parkway Drive
Boone, IA 50036
For Sale
23,760 sqft
Sale Price
$1,725,000
Map
Multifamily For Sale - Available Immediately
Parkview Terrace, a 24-unit apartment community located in Boone, Iowa.
All 2BR/1.5BA
95.8% Occupied
Nearby planned $676M Daisy Brands facility
8.11% Cap Rate
Get in touch
David Eckley
Ray Hamilton
Clark Matthews
Cy Fox
CBRE is pleased to offer the opportunity to acquire Parkview Terrace, a 24-unit apartment community located in Boone, Iowa.
Built in 1968, Parkview Terrace consists of two buildings featuring all 2-bedroom, 1.5-bathroom floor plans. The property has been well maintained and presents a compelling value-add opportunity through interior unit renovations.
Address: 1003 Parkway Dr, Boone, IA 50036
List Price: $1,725,000
Cap Rate: 8.09%
Number of Units: 24
Unit Mix: All 2BR/1.5BA
Occupancy: 95.8%
Total Building SF: 23,760
Avg. In Place Rent: $808
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=kZ70rEm4mXFO85ShMCF1eIgb9T_HS81VeRBWpnzV3FXQs5lC8yN-g5HKaX3E0o-X
Built in 1968, Parkview Terrace consists of two buildings featuring all 2-bedroom, 1.5-bathroom floor plans. The property has been well maintained and presents a compelling value-add opportunity through interior unit renovations.
Address: 1003 Parkway Dr, Boone, IA 50036
List Price: $1,725,000
Cap Rate: 8.09%
Number of Units: 24
Unit Mix: All 2BR/1.5BA
Occupancy: 95.8%
Total Building SF: 23,760
Avg. In Place Rent: $808
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=kZ70rEm4mXFO85ShMCF1eIgb9T_HS81VeRBWpnzV3FXQs5lC8yN-g5HKaX3E0o-X
Boone is located 15 minutes directly west of Ames, home of Iowa State University, and 35 minutes north of the Des Moines MSA.
Total Space Available
23,760 sqft
Sale Price
$1,725,000
Get in touch
David Eckley
Ray Hamilton
Clark Matthews
Cy Fox