Rolfe Apartments 1106 Elm Street

Address: 1106 Elm St & 402 Fourth St, Rolfe, Iowa 50581

List Price: $600,000 ($30,000/unit)

Cap Rate: 9.60%

Year Built: 1971, 1972 & 1974

Number of Units: 20

Garages: 10

Number of Buildings: 4 Residential

Unit Mix: 8-1BR/1BA & 12-2BR/1BA

Avg. In Place Rents: $461

Laundry: Common (4 sets total)

Heating: Boiler

Cooling: Wall A/C units

Water Heater: Common

Appliance Package: Fridge and stove


-Landlord pays electric, gas, water/sewer and trash.
-100% of trash is billed back based on unit square footage.
-94% of electric, gas and water/sewer is billed back based on unit square footage.