The Briza Apartments 1104 8th Street

CBRE is pleased to offer the opportunity to acquire The Briza Apartments, a 57-unit apartment community located in Boone, Iowa. Built in 1977, The Briza Apartments features all one-bedroom, one-bathroom floor plans. The property has been well maintained and presents a compelling value-add opportunity through continued interior unit renovations and common area enhancements. 20 out the 57 units have been renovated with new LVP flooring, paint, and new cabinetry and appliances as needed. Additionally, a washer and dryer were added in 4 units. The Briza Apartments offers investors the chance to acquire a well-located asset in a stable central Iowa market.


Address: 1104 8th St, Boone, IA 50036

List Price: $3,595,000

Cap Rate: 8.22%

Number of Units: 57

Unit Mix: All 1BR/1BA

Total Building SF: 42,122

Avg. In Place Rent: $710

Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=TSfopRpDEivNkdhyMLUfBzr9b1_SeROvuoQgg7ifVKXbiy5HJgEzWv-KQOk0oJkd