Courtyard Apartments 1453 North 11th Avenue East
Newton, IA 50208
Sale Price
$2,595,000
Brochure
Map
Multifamily For Sale - Available Immediately
44 Units For Sale in Newton, IA
100% Leased
Apartment & Townhome-Style Buildings
Get in touch
Ray Hamilton
Clark Matthews
Cy Fox
CBRE is pleased to present the opportunity to acquire Courtyard Apartments, a 44-unit value-add multifamily community located in Newton, Iowa. The property features a diverse unit mix of 24-2BR/1BA and 20-3BR/1BA units across townhome style and apartment style buildings constructed in 1979, 1980, and 1984.
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=Tx2aA51PC5A8V1gK115__mTio3DhHHidqh8P-TLH6hyufYBnJ2GVtL5QRHaNuWtW
Address: 1453 N 11th Ave E, Newton, IA 50208
List Price: $2,595,000
Price Per Unit: $58,977
Cap Rate: 7.75%
Year Built: 1979-1980, 1984
Number of Units: 44
Unit Mix: 24-2BR/1BA; 20-3BR/1BA
Total Building SF: 31,069
Avg. In Place Rent: $691
Number of Buildings: 6 + office/laundry
Number of Stories: 2 & 3
Parking: Surface
Parcel Size: 3.39 acres
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=Tx2aA51PC5A8V1gK115__mTio3DhHHidqh8P-TLH6hyufYBnJ2GVtL5QRHaNuWtW
Address: 1453 N 11th Ave E, Newton, IA 50208
List Price: $2,595,000
Price Per Unit: $58,977
Cap Rate: 7.75%
Year Built: 1979-1980, 1984
Number of Units: 44
Unit Mix: 24-2BR/1BA; 20-3BR/1BA
Total Building SF: 31,069
Avg. In Place Rent: $691
Number of Buildings: 6 + office/laundry
Number of Stories: 2 & 3
Parking: Surface
Parcel Size: 3.39 acres
Courtyard Apartments is located approximately 30 minutes east of Des Moines in Newton, a growing Central Iowa community. Strategically positioned along Interstate 80 with convenient access to Interstate 35, Newton is widely recognized as the “Crossroads of the Midwest,” offering strong regional connectivity and commuter access.
Sale Price
$2,595,000
Get in touch
Ray Hamilton
Clark Matthews
Cy Fox