Washington Apartments 325 West 18th Street

CBRE is pleased to exclusively offer for sale Washington Apartments, a 24-unit apartment community located in Washington, Iowa. Built in 2006, this modern property features a desirable unit mix of 24 two-bedroom/one-bathroom units.

Washington is the county seat and located at the junction of Highways 1 and 92, just 30 miles from Iowa City. The immediate area maintains a strong employer base with global and local companies like Modine Manufacturing and Syngenta while benefiting from other companies in close proximity such as Riverside Casino & Golf Resort and the University of Iowa Hospital.

Washington Apartments features new roofs completed in 2023, in-unit washer and dryer, central air, private patios/balconies, individual garages, and secure building access. Additionally, the property benefits from below-market operating expenses as residents pay majority of utilities.

ADDRESS: 325 & 375 W 18th St, Washington, IA 52353
LIST PRICE: $2,000,000
YEAR BUILT: 2006
NUMBER OF UNITS: 24
UNIT MIX: All-2BR/1BA
OCCUPANCY: 100%
AVG. UNIT SIZE: 837 SF
TOTAL RENTABLE SF: 34,704
AVG. IN PLACE RENT: $834
NUMBER OF STORIES: 3
PARKING: 24 garages; surface
PARCEL SIZE: 2.61 acres (5 parcels)

CLICK HERE FOR MORE INFORMATION: https://www.cbredealflow.com/buyer/agreement?pv=2PUxPaZb9KtF2iAxhJQYeD3rpD-cgAnicoU8ay76Ext9vUrfiyfL6HkbpayCQ7al