Rock Run Apartments 410 Talbott Street

CBRE is pleased to exclusively offer for sale Rock Run Apartments, a 20-unit apartment community located in Iowa Falls, Iowa. Built in 1994, this elevator-served building features a desirable unit mix of 19 two-bedroom/two-bathroom units and 1 three-bedroom/two-bathroom unit averaging 981 SF.

Rock Run sits in the diverse and stable economy of Iowa Falls, which is home to Ellsworth Community College and several major biofuels, agriculture, manufacturing, and distribution employers such as Iowa Select Farms HQ, POET, Cargill, and Campbell Supply. The city is located along Highways 20 and 65 and the Canadian National and Union Pacific Railroads and hugs the Iowa River, resulting in excellent connectivity and a scenic backdrop.

Rock Run features large units, in-unit washer/dryer connections, central air, private patios/balconies, detached garages, and secure building access. Additionally, the property benefits from below-market operating expenses as residents pay the majority of utilities.

ADDRESS: 410 Talbott St, Iowa Falls, IA 50126
LIST PRICE: $1,600,000
YEAR BUILT: 1994
NUMBER OF UNITS: 20
UNIT MIX: 19-2BR/2BA; 1-3BR/2BA
OCCUPANCY: 100%
AVG. UNIT SIZE: 981 SF
TOTAL RENTABLE SF: 19,630
AVG. IN PLACE RENT: $848
NUMBER OF BUILDINGS: 1 residential
PARKING: 19 garages; surface
PARCEL SIZE: 0.95 acres

CLICK HERE FOR MORE INFORMATION: https://www.cbredealflow.com/buyer/agreement?pv=IeZd9I17RHalnAaXx44EppgLwi0eHKgq3PXdo5N7C1ew4nRqMHw30yrP_tsrpJ-i